The Wind Is Literally Changing Direction
India has had something interesting taking place in the past few years. Clean energy has become a topic of discussion among politicians, business people, school children, almost everybody. And for good reason. The country is choking on pollution, fossil fuels are getting expensive, and the government has made some pretty bold promises about going green. Now here’s where it gets exciting for people who invest. Renewable energy companies, especially wind energy firms, have suddenly become the cool kids of the stock market.
Two names that keep showing up in every conversation? Suzlon Energy and Inox Wind Energy. Both are deeply involved in building India’s wind power future. Investors that are monitoring the Suzlon share price or Inox Wind share price on a regular basis have observed some very dramatic trends over the last two years. However, before being carried away with the hype, it would be prudent to know what these firms are and what is their significance.
Suzlon: The Textile Guy Who Accidentally Built a Wind Empire
This story is genuinely wild. In 1995 a man by the name of Tulsi Tanti was operating a small textile firm. Electrical power was not very reliable and as such he purchased a few windmills to propel his own factory. And then something clicked. He realised wind energy had massive potential. So he started Suzlon Energy. Fast forward to today and the company has installed over 20 GW of wind energy across 17 countries and more than 111 wind farms. They go to an extent of installing the tallest wind turbine in India which is 160 metres in FY 2023.
Their client list is the who’s who of Indian business. Adani Green, GAIL, Bajaj, Aditya Birla Group. The company doesn’t just sell turbines either. They handle everything from land acquisition to site development to maintenance. Over 90% of their revenue comes from within India. Oh and get this. Suzlon had a net loss of 2,692 crores in March 2020. By March 2023? Net profit of Rs 2,887 crore. That kind of turnaround explains why the Suzlon share price became such a hot topic on every investing forum and WhatsApp group.
Inox Wind: The Quieter Cousin With Big Plans
Inox energy is quietly developing its own story whereas Suzlon gets most of the headlines. The company was incorporated in March 2020 in Gujarat as a subsidiary company of GFL Limited. Their entire business strategy is to create and market wind power, as well as EPC services to wind farms. That means Erection, Procurement, and Commissioning for those who love jargon. They’ve got sites running across Tamil Nadu, Maharashtra, Kerala, and Rajasthan. In 2023, the company merged with Inox Wind Limited through a scheme of amalgamation. Investors watching the Inox Wind share price know that mergers like these can completely reshape a company’s future. The global wind energy market is enormous and still growing, and Inox is positioning itself to grab a proper chunk of that opportunity.
Why Investors Can’t Stop Staring at These Stocks
Green energy isn’t a fad. Governments all over the world are investing billions on renewables. India has only established enormous wind and solar capacities. Companies like Suzlon and Inox Wind sit right at the centre of this transformation. That’s exactly why the Suzlon share price and Inox Wind share price attract so much attention from both beginners and experienced traders.
But Seriously, Don’t Just Follow the Crowd
There is renewable energy that is exciting. But every sector has risks. Debt levels, policy changes, execution challenges. Study the numbers properly, read those annual reports nobody wants to read, and then decide. Excitement is great. Homework is better.
