8%. The fall came after a series of earnings updates that highlighted a shift in focus toward repowering existing wind farms rather than new projects. Vice‑Chairman Girish Tanti said the company is banking on India’s estimated 30 GW of domestic wind‑repowering potential to drive future growth.
He also warned that faster expansion of the transmission network is essential to meet the government’s 2030 renewable‑energy targets, a factor that could influence Suzlon’s profitability. For retail investors, the sharp decline signals heightened volatility in the renewable‑energy space. While the stock’s support level sits near ₹60, resistance is around ₹90, and a break above could signal a recovery.
However, continued regulatory and infrastructure challenges may keep the stock in a tight range for months. Investors should monitor upcoming earnings, policy announcements on grid upgrades, and the performance of peer companies like Vestas and GE Renewable Energy. A cautious approach is advised until Suzlon demonstrates clear execution on its repowering strategy, which could ultimately determine whether the share price rebounds or continues to slide.