Annual Report 2023-2024
FY23-24 HIGHLIGHTS

Our Performance at a Glance

Financial Highlights
Business Overview
Environmental Impact
Community Impact
  • 6,497 Cr
    Revenue
    1,029 Cr
    EBITDA
    3.8 GW
    of largest ever order book since 2017
    714 Cr
    PAT (before exceptional items) increased to 428% in FY24 on a YoY basis

    Highest consolidated EBITDA and PAT (before exceptional items) in 7 years

  • 20.8 GW
    of Worldwide Suzlon Wind Energy Installations by June 2024
    1,148 Cr
    Net cash position
    78 %
    Growth on a Y-o-Y basis in the WTG Division due to a fortified balance sheet with adequate working capital
    3 .x MW
    of Best in Class technology platform under serial production
  • 20.8 GW
    Global wind installations
    1.9 Mn
    trees planted
    53.37 Mn
    tonnes CO2 emissions reduced
    47 Mn
    cubic metres of water conserved
  • 1.23 Mn
    people positively impacted
    183,308
    families from 800 villages impacted
    149,496
    students provided with better education
    1.12 Mn
    animals remedied
Message from the leadership

Insights from Our Executive’s Desk

In FY24, we strengthened our commitment to achieving major milestones in Renewable Energy – a weapon considered to be most viable to combat climate change by world leaders.
Mr. Vinod R. Tanti
Chairman and Managing Director
We focused on moving away from cyclical business growth and built a platform for both sustained and sustainable growth in FY24. We deem this move critical for our sector as India's Renewable Energy sector is coming into its own and shaping up to be a more stable landscape for businesses.
JP Chalasani
Group Chief Executive Officer
Suzlon’s ComPEtitive Edge

Accelerating Sustainable Growth with Clean Energy

Research & Development

In building state-of-the-art R&D facilities, Suzlon Energy Limited is devoted to channelling efforts to foster innovation and integrate outcomes into product development, processes, operations, and maintenance.

Supply Chain Management & Manufacturing

Suzion Energy Limited stands out as one of the world's most vertically integrated wind turbine manufacturers, possessing extensive manufacturing capabilities for all key components of a wind turbine generator.

Quality Management

Suzlon is deeply committed to upholding the highest quality standards and meeting compliance to ensure stakeholder and customer satisfaction.

Health, Safety & Environment

Suzlon's HSE is a global initiative that establishes a company-wide practice of setting and maintaining the highest HSE standards, supported by a dedicated team and organisational commitment.

legacy of achievements

Embodying Excellence and Setting Benchmarks

  • Panel Manufacturing Unit - Daman, and Rotor Blade Unit - Bhuj wins Gold Medal NAMC award.
    GWEC felicitates Founder and late CMD, Shri Tulsi Tanti, as a key contributor to 1 TW of global wind energy installations.
    ESG Award 2023 by the Economic Times.
    Suzion receives ET Energy Leadership Award 2023.
    The Times Group recognised Suzlon as the 'Best Renewable Energy Supplier' in the 'Construction and Infrastructure Brands' category.
    IWTMA honoured Shri Tulsi Tanti for their contribution to the Indian Wind Industry.
  • Suzlon Energy Limited became the 1st Indian Company to reach 20GW of Wind Energy installations worldwide.
    On the back of a successful QIP, Suzlon became debt-free overcoming a decade-long challenge.
    CRISIL upgraded our ratings to
    CRISIL A-/
    Positive/
    CRISIL A2+
    Suzlon’s new 3 MW series of wind turbines received an outstanding response.
    Suzlon has a strong order book of 3.8 GW as of Q1 FY25.
    Suzlon's S144 3 MW series received an RLMM Listing from MNRE.
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