In an exchange filing on Friday, Suzlon said, “We have won a third successive repeat order of 170.1 MW from AMPIN Energy Transition Ltd. to supply 3.15 MW wind turbines for their proposed wind power project to be developed at Kurnool in Andhra Pradesh.”
The project will involve the supply of 54 units of Suzlon’s advanced S144 wind turbine generators, each with a rated capacity of 3.15 MW, mounted on Hybrid Lattice Towers.
The company added that the scope of the project includes the “supply, installation, and commissioning of the wind turbines,” and will be executed with Suzlon’s equipment, along with comprehensive operation and maintenance services post commissioning.
With this latest win, Suzlon’s total order book from AMPIN now stands at 303 MW.
Stock Gains and Technical Outlook
Suzlon shares have risen 31% over the past year, 11% in the last three months, and 4% over the past month. The stock has remained in focus following a series of block deals earlier this week, where promoters sold 19.8 crore shares worth over Rs 1,300 crore at an average price of Rs 66.05 per share.
Among the key institutional buyers were Goldman Sachs, Motilal Oswal, Societe Generale, ICICI Prudential, and Bandhan Mutual Fund. As of the March 2025 quarter, mutual funds held a 4.17% stake in Suzlon Energy, while promoter holding stood at just over 13%.
From a technical standpoint, the stock is trading above five of its eight key simple moving averages (SMAs)—including the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs—while remaining below the 5-day, 10-day, and 20-day SMAs.
The Relative Strength Index (RSI) currently stands at 44.8. An RSI below 30 is typically considered oversold, while a reading above 70 is viewed as overbought. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.9—above the center line but below the signal line—indicating a mixed momentum setup for the stock in the near term.
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