Suzlon’s growth runway needs help from solid execution

Suzlon Energy Ltď'sstock is down about 25% over the past six months, weighed down by the fear that India's wind cycle is losing momentum.

- Manvi Agarwal [e-mail]

Still, it's worth noting that Suzlon has assembled a robust medium-term orderbook pipeline.

At a recent analyst meeting, the management pointed out that nearly 15 gigawatts (GW) of industry wind orders are still in the bidding or awarding stage. This is work will shape up the next leg of execution for Suzlon.

Demand from commercial and industrial (C&I) clients, which now forms a meaningful 51% share of Suzlon's book, has stayed firm despite the pause in central auctions.