Suzlon Energy’s shares decreased 1.11 percent to ₹ 59.62 in the negotiation of the noon on April 22, 2025, despite the recent positive impulse of the renewable energy company after favorable policies developments in the wind energy sector.
The slight setback occurs after Suzlon had won almost 5 percent in the previous session, when the shares rose to a maximum intradic of ₹ 57.65 in the NSE. The action had been in an ascending trajectory, publishing profits or around 12 percent in the last two weeks, exceeding the Sensex of reference that increased by 8.6 percent.
The recent Suzlon rally was fed by the notification draft of the Renewable Ministry of Energy for a revised list of models and manufacturers (RLMM) for wind turbine models, which requires the national supply of blades such as blades. This policy change aims to boost local manufacturing in the Indian wind energy sector.
The company had also secured a significant order of Sunsure Energy on April 17 to supply 48 advanced S120 wind turbines with hybrid lattice towers for a project in the Jatch region of Maharashtra, each with a capacity of 2.1 MW.
The widest market remained positive with the NIFTY maintaining its position above the brand and the NIFTY bank reaching a maximum record of 55,461.65. However, analysts warn that volatility can persist due to commercial tensions of the United States and China and the possible clashes between President Trump and the president of the Federal Reserve, Powell, about interest rates policies.
Posted on April 22, 2025