31st January 2024.

National Stock Exchange of India Limited, BSE Limited,

“Exchange Plaza”, P.J. Towers,
Bandra-Kurla Complex, Bandra (East), Dalal Street,
Mumbai-400051. Mumbai-400001.

Dear Sirs,

Sub.: Suzlon announces Q3 FY24 Results.

In continuation to our letter of even date, enclosed please find the following:

(a) press release in the subject matter; and

(b) presentation in the subject matter;

the copy of both of which are available on the website of the Company (www.suzlon.com).

This is for your information as also for the information of your members and the public at large.

Thanking you,

Yours faithfully,
For Suzlon Energy Limited
Digitally signed by
Geetanjali Geetanjali Santosh Vaidya
Santosh Vaidya Date: 2024.01.31 14:34:05
+05'30'

Geetanjali S.Vaidya,
Company Secretary.

Encl.: As above.
For Immediate Release 31st January 2024

Suzlon announces Q3 FY24 Results

 Revenue of ₹ 1,553 crores in Q3 FY24

 EBITDA of ₹ 248 crores in Q3 FY24 and EBITDA margin of 15.9%
 PAT of ₹ 203 crores in Q3 FY24, Y‐o‐Y growth of 2.6 times

Pune, India: Suzlon Group, India’s largest renewable energy solutions provider, announced its third
quarter results for the financial year 2023‐24 (Q3 FY24).

Girish Tanti, Vice Chairman, Suzlon Group, said, “In Q3 of FY24, we concluded 2023 on a strong
note. The quarter showcased impactful policies propelling India's renewable energy vision ahead.”

“At Suzlon, we've witnessed a pivotal year of foundational growth, and in Q3 of FY24, we've solidified
this foundation with a robust performance and a substantial influx of new orders from our marquee
customers. We deeply appreciate the trust bestowed upon us by our customers and eagerly
anticipate collaborating with them to realize their green energy aspirations. The coming decade
holds immense promise for renewables globally, and we are on track to strengthen all our strategic
pillars to seize this opportunity from a position of strength".

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “In Q3 FY24, our performance aligns
seamlessly with our strategic objectives. We have seen a good in‐flow of high‐value orders, a
testament to the quality of our offerings. During this quarter, our primary emphasis has been on the
efficient execution of our order book. Our top priority is to drive operational excellence with
unwavering focus towards creating substantial value for all our stakeholders.”

“Our service business continues to do well. We are concentrating our efforts towards creating a
better customer experience, a stronger organization and management structure in our service
business in line with expected growth of the sector.”

Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “In Q3 FY24 we have seen consistent
improvement in performance across parameters with healthier margins, a net cash position and
higher YoY EBIDTA. We continued our streak with another profitable quarter reporting a consolidated
PAT of Rs. 203 crores. Another highlight of the quarter was securing non‐fund based working capital
lines from REC which was a critical for a faster ramp‐up of our operations and improve utilization of
installed capacities.”
“Looking at the larger picture of the sector in India, I believe that we have come back to strength at
the right time to enable the Company to participate in the nation’s energy transition journey with
more conviction and ambition.”

Suzlon Group Q3 FY24 at a glance (consolidated):

 Revenue
o Q3 FY24 ₹ 1,553 crores

 Operating Performance
o EBITDA: ₹ 248 crores in Q3 FY24; EBITDA margin at 15.9%

 PAT of ₹ 203 crores in Q3 FY24

__________________________________________________________________________________________
About The Suzlon Group
The Suzlon Group is one of the leading renewable energy solutions providers in the world with ~20.5 GW* of
wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India; the
Group comprises of Suzlon Energy Limited (NSE: SUZLON & BSE: 532667) and its subsidiaries. A vertically
integrated organisation, with in‐house research and development (R&D) centres in Germany, the Netherlands,
Denmark and India, Suzlon’s world‐class manufacturing facilities are spread across multiple locations in India.
With over 28 years of operational track record, the Group has a diverse workforce of over 6,300 employees.
Suzlon is also India’s No. 1 wind energy service company with the largest service portfolio of over 14.5 GW in
wind energy assets. The Group has ~6 GW of installed capacity outside India. Suzlon offers a comprehensive
product portfolio led by the 2 MW and 3 MW series of wind turbines.

*Global installations of Suzlon manufactured wind turbine generators. Data as on 31st December 2023

Press Contact Suzlon Group Investor Relations Contact Suzlon Group

Jeetendra Nalawade Krishna Kumar
Corporate Communications, Suzlon Group Investor Relations, Suzlon Group
Mobile: +91.89998 05770 Phone: +91.90286 56440
E‐mail: communications@suzlon.com E‐mail: investorrelations@suzlon.com

Suzlon corporate website: www.suzlon.com Follow us on Social media:

 Suzlon Energy Limited
Investor Presentation
Q3, FY24

31st January 2024

Suvarda Wind Farm, Gujarat, India

1
 Disclaimer

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suzlon Energy Limited (the “Company”) solely for information purposes DOES not constitute any offer,
recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever. The Presentation is not
intended to form the basis of any investment decision by a prospective investor. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed
information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever,
and no reliance shall be placed on, the truth, accuracy, reliability or fairness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may
consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. In particular, but without prejudice to the generality of the foregoing, no representation or
warranty whatsoever is given in relation to the reasonableness or achievability of any projections contained in the Presentation or in relation to the bases and assumptions underlying such projections and you must
satisfy yourself based on your objectives of the reasonableness, completeness achievability and accuracy thereof.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such
forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include,
but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the wind power industry in India and world-wide, the Company’s ability to
successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s
market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in
or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties
included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

No responsibility or liability is accepted for any loss or damage howsoever arising that you may suffer as a result of this Presentation and any and all responsibility and liability is expressly disclaimed by the
Management, the Shareholders and the Company or any of them or any of their respective directors, officers, affiliates, employees, advisers or agents.

No offering of the Company’s securities will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Accordingly, unless an exemption from registration under the Securities Act is
available, the Company’s securities may not be offered, sold, resold, delivered or distributed, directly or indirectly, into the United States or to, or for the account or benefit of, any U.S. Person (as defined in regulation
S under the Securities Act).

The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction.

2
 INDUSTRY
OUTLOOK

SUZLON
STRENGTHS

FINANCIAL
PERFORMANCE

Suvarda Wind Farm, Gujarat, India

3
 Renewable Energy growth to be driven by Wind & Solar

Installed Power Generation Capacity Mix (GW)

500 GW of
Hydro
non-fossil fuel energy Solar, 78 (10%)
Fossil
Fossil Fuel Fuel
capacity by 2030 240 (56%)
293 (38%)
Hydro 277
52 (12%) (35%)
1 bn tonnes
50%
reduction in
renewables in Dec’23
carbon
the energy 428 GW^ By 2030
emissions
mix by 2030 777 GW*
Panchamrit by 2030
Solar
73 (17%)

Wind Others
45 (11%) 18 (4%)
45% reduction in
Net zero Wind Other
emissions
emissions 100 (13%)
intensity of the
by 2070
economy by 2030
^CEA All India Installed Capacity as on 31.12.2023
*CEA’s Report On Optimal Generation Capacity Mix for 2029-30 issued in Apr 2023

Share of renewable in the overall power capacity mix to substantially increase by 2030 with both Wind & Solar co-existing
4
 Favorable market conditions for Indian Wind Industry

Strong Domestic Demand Outlook Key Demand Drivers

1. Onshore wind potential: 695 GW (120m HH) and 1,164 GW (150m HH)
4th 100 GW
Largest Wind Market Installed Wind Energy 2. Wind bids with state specific sub-bids and pooling* of tariff
in the world by 2030
3. RPO trajectory: 29.91% (FY24) to 43.33% (FY30) with wind-specific RPO
4. ISTS charges waiver for 25 yrs. for RE projects COD till 30th June 2025^

~13 GW 94 GW 5. Lower Renewable LCOE resulting in strong C&I growth

Wind Pipeline as on Grid Infrastructure 6. GH2 Mission targets 5 MMT p.a. requiring RE of 125 GW by 2030
Jun’23 by 2027
7. SECI conducted first auction for Green-Hydrogen production subsidies
and electrolyser manufacturing capacities.
8. Repowering potential estimated by NIWE: ~25.4 GW
26+ GW 10 GW
Installations in next 5 Exclusive Wind Tenders 9. Potential as export hub for wind components for global markets
years through policy per annum till 2030
corrections
*policy for determination of uniform RE tariff announced on 25 th Oct’23

Source: GWEC-India-Outlook-Aug-2023 ^thereafter gradual reduction (refer link below) of waiver by 25% each year till Jun’28
https://powermin.gov.in/sites/default/files/uploads/Orders/B.4.3.pdf
5
 INDUSTRY
OUTLOOK

SUZLON
STRENGTHS

FINANCIAL
PERFORMANCE

Suvarda Wind Farm, Gujarat, India

6
 Suzlon Strengths

~20.5 GW* ~32%

Global installed Wind Cumulative Market
Energy Capacity Share in India

6,300+ Own WTG Technology & in-house R&D

Global Workforce Well established product portfolio

As on 31st Dec 2023

*Includes installed capacity of ~14.5 GW in India

7
 Suzlon’s Strengths in Indian Wind Energy Market

No.1 OEM in India’s Renewable Sector

End-to-end Pan India Technology

Service Presence Leadership
Provider

Best-in-class Strong 28 Years

Service Customer Track
Capabilities Relationship Record

Strong presence across value chain & customer segments

As on 31st Dec 2023

8
 Key clientele among marquee customers globally

And many more customers…..

9
 Geographically diversified manufacturing base

Best-in-class manufacturing capability Vertically integrated low-cost supply chain

Manufacturing locations across India*
India Manufacturing Sufficient & flexible manufacturing
Capacity ~3,1501 MW capacity to cater to the market
India’s windy states
Other Indian states

Rajasthan

Gujarat Madhya
Pradesh Nacelle and Hub Blade Tubular Tower Control Panel

Maharashtra

Nacelle and Hub

Electric
Andhra Blade
Pradesh
Tower

SE Forge
Mould Foundry Forging Transformer
Tamil Nadu

*Map not to scale. All data, information and map are provided “as is” Note: 1 SEL has a ramp up/ramp down capacity. Capacity of 3,150 MW is for 2.1 MW WTGs. With 3+ MW WTGs, capacity can be ramped up to 4,500 MW in
without warranty or any representation of accuracy or completeness phased manner
10
 Product Optimized for Higher Energy Output

+15% AEP +43%/49% AEP

Rotor Diameter
Rotor Diameter 144m
Rotor Diameter 120m
111m

Hub Height Hub Height

Hub Height 140m 140/160m
120m

S111-120 (2.1 MW) S120-140 (2.1 MW) S144-140/160 (3.0 MW - 3.15MW)

Consistent Reduction of Levelised Cost of Energy (LCoE)

11
Consistent Reduction of Levelised Cost of Energy (LCoE)
 S144: Under Serial Production

Major Updates:
• Requisite certifications and RLMM listing in place
• Enthusiastic customer response,
• S144 orderbook around 2,400 MW
• Production ramp-up and supply started in line with
commercialization plans Suzlon Wind Farm, Gondal
Gujarat

Suzlon Wind Farm, Sanganeri,

Tirunelveli, Tamil Nadu

12
 Overview of India OMS capabilities

Key Numbers Presence in all windy states in India

Installed base as on
~14.5 GW 9,700+ USD 10 Bn 31st Dec 2023 of ~14.5 GW
Installed Base Turbines Assets under management
2.3 GW
Rajasthan 0.5 GW
Madhya Pradesh
1,900+ 94 3,500+
Customers Sites Team 4.0 GW
Gujarat

~32% share of all India installed wind capacity

2.1 GW
0.3 GW
Maharashtra
Impact of clean energy: Telangana

• Over 3.10 Bn trees absorbing CO2 p.a. 1.2 GW 1.5 GW

Karnataka Andhra Pradesh
• Over 9.43 Mn households powered p.a. 2.6 GW
• Over 37.22 MT of CO2 emissions prevented p.a. 0.03 GW
Tamil Nadu

Kerala

Map not to scale

13
 Wind Order Book

WTG Model mix* Project segment mix*

Wind Order Book (in MW)
3,157
Captive/C&I/
S144 Retail
S133 47%
75% 53%
2%
2,290 S120 Central &
23% State Auctions

1,613
1,433
Scope mix* State mix*
652
MP GJ KA
Non 3% 14% 36%
EPC
72% TN
EPC** 14% AP
Mar'23 Jun'23 Sep'23 Dec'23 Jan'24^ MH
28% 13% 20%
Below orders totalling to 867 MW are secured post Dec’23
1. 225 MW order secured from Everrenew
2. 642 MW order secured from Evren Company ‘ABC Cleantech Private Limited ‘

Robust Cumulative^ Order Book of 3,157 MW and pipeline under discussion brings strong revenue visibility
14 ^Order book as on 31st December 2023 plus orders announced in January ’24 *mix based on 3,157 MW **EPC scope may differ from contract to contract
 Management Profile

Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Rajendra Mehta

Chairman and Vice Chairman Group CEO Group CFO Group CHRO
Managing Director

Tulsi Tanti
Founder,
Late Chairman
and Managing
Director

Sandeep Chowdhury Bernhard Telgmann Ishwar C Mangal Sairam Prasad Venkat Subramaniam
Group General Counsel CTO CEO New Business CEO SGSL CEO SEForge

Professional senior management team backing the rich experience of the Board

Note: Detailed profile of the management team and the board of directors is available on website/Annual Report

15
 Awards and Recognition FY24

GWEC The Times Group Great Place to IMEA IWTMA

Felicitated our Best Construction and
Work, Institute Superior Operations Honouring Shri Tulsi
Founder and late Infrastructure Brands - Suzlon Energy Ltd Award by Frost & Tanti for contribution
CMD, Shri Tulsi Tanti Renewable Energy wins the Great Place Sullivan, IMEA 2023 to to Indian Wind
as a key contributor to Suppliers To Work® Certification Suzlon’s Daman Industry
1 TW of global wind in line with its Vision Plants, upholding
energy installations Suzlon’s Leadership in
Renewable Sector

16
 INDUSTRY
OUTLOOK

SUZLON
STRENGTHS

FINANCIAL
PERFORMANCE

17 Suzlon Wind Farm, Welturi, Maharashtra

 Highlights of the Performance

✓ Consistent operating performance across all business segments

✓ Higher EBITDA on YoY basis on back of healthier margins

✓ PAT (before exceptional items) for 9MFY24 of Rs 433 crores v/s 9MFY23 of Rs 98 crores (YoY growth 4.4 times)

✓ Net cash position of Rs ~719 crores as of Dec’23 vis-à-vis Net debt of Rs ~1,180 crores as of Mar’23

✓ Substantial reduction in quarterly net finance costs by ~94% on YoY basis

✓ Secured non-fund based working capital lines from REC Limited to support faster ramp-up of operations

Stronger balance sheet and robust performance positions the Company to meaningfully participate in ongoing energy transition
18
 Transformation…
(₹ Cr.)
Revenue EBITDA (Pre-Fx)
6,520 829 839
5,947 678
539 605
4,257 4,318
2,933 3,295

-423
FY20 FY21 FY22 FY23 9MFY23^ 9MFY24^ FY20 FY21 FY22 FY23 9MFY23^ 9MFY24^

Gross Debt PAT (before exceptional items)

433
13,137
167 98

6,859 6,391
-249

1,905 -705
122
-2,626
FY20 FY21 FY22 FY23 Dec'23 FY20 FY21 FY22 FY23 9MFY23^ 9MFY24^

Note: Consolidated numbers used | ^9MFY23 and 9MFY24 numbers are unaudited

Substantial improvement across all financial parameters

19
 WTG Division – Key Performance Indicators

Wind capacity additions in India (in GW) Installations by Suzlon (in GW)
Suzlon Market Share
5.6
Introduction of E-reverse auction
Covid impact 32% 29% 36% 16% 5% 42% 22% 29%
E-reverse auction in Feb’17 discontinued in Jan’23
1.8

2.1 2.2 2.3 2.1

1.6 1.5 0.6 0.6
1.1 0.6 0.5
0.4 0.5
0.1

FY17 FY18 FY19 FY20 FY21 FY22 FY23 9MFY24 FY17 FY18 FY19 FY20 FY21 FY22 FY23 9MFY24
Source: Directory Indian Wind Power, 2022 (CECL) Suzlon has an installed base of ~14.5 GW out of total wind installed base of 44.7 GW in India – a cumulative market share of ~32%

Key reasons for lower capacity additions in past Deliveries & Revenue
4,376 Deliveries (MW)
1. GOI’s shift from FIT regime to e-reverse auction system of awarding projects 3,781 Revenue (Rs Cr.)
2,849 2,663 2,683
2. Unrealistic tariffs discovered leading to unviable & unexecuted projects
1,193
3. Covid impact 595 808 664
496 482 437
59 204
4. Debt restructuring issues of Suzlon during FY21 and consequent restrictions
FY19 FY20 FY21 FY22 FY23 9MFY23* 9MFY24*

*9MFY23 & 9MFY24 numbers are unaudited

Note: The revenue numbers are derived from statutory segment reporting

WTG Division well poised to capture the opportunity in wind sector with strong order book
20
 OMS India Division1 - Key Performance Indicators

Revenue & EBITDA trend (Rs. in Cr.) Installed Capacity Base (GW)
Revenue EBITDA EBITDA % 14.5

1,668 13.9
1,499 1,566 13.4
1,436
1,298 1,219 1,280 12.8 12.9
46.9% 12.5
45.5% 47.3% 42.9% 43.4% 44.9%
39.2%
673 682 741 715 575
509 529
62^

513

FY19 FY20 FY21 FY22 FY23 9MFY23* 9MFY24*^ FY19 FY20 FY21 FY22 FY23 9MFY24*

Key Strengths Machine Availability (%)

1. Over 2 decades of 4. Diversified supplier and vendor 97.5%

96.6% 96.5%
best-in-class OMS practice network 96.1% 96.3%
95.2%
2. High double-digit margins 5. Highly experienced management
and stable cashflows team
3. Strong customer base 6. Legacy positioning and sizeable
presence in all eight windy states
FY19 FY20 FY21 FY22 FY23 9MFY24*

*9MFY23 & 9MFY24 numbers are unaudited | * represents the impact of one-time costs of Rs 62 Cr on account of cyclone Biparjoy in Gujarat
Note 1: The above numbers are for OMS India division only derived from statutory segment reporting. These numbers exclude the overseas OMS business

OMS India Division is a stable and resilient business model

21
 Foundry & Forging Division – Key Performance Indicators

Operating Revenue & EBITDA trend (Rs in Cr.) Revenue (Rs in Cr.)
Op. Revenue EBITDA EBITDA % 16% 0% 6% 16% 18% 14% 36%

477 472 477 472 Suzlon Others

432 432
0 77 86 Suzlon share
17.8% 357 334 332
357 334 16.6% 332 324 324
58 20 46
11.9% 118
9.9% 13.3%
8.8% 432 400 386
6.9% 314
79 299 286
35 51 60 41 43 207
23

FY19 FY20 FY21 FY22 FY23 9MFY23* 9MFY24* FY19 FY20 FY21 FY22 FY23 9MFY23* 9MFY24*

Key Strengths Capacity Utilization (%)

1. Independently operating 4. Availability of skilled

business with low manpower & working capital 22% 22% 21%
breakeven levels 5. Robust & lean manufacturing 18% 19%
16%
2. Annual manufacturing systems
capacity of 122,000 MT 6. Lower level of capacity
3. Favorable wind power utilization provides headroom
market conditions for growth FY19 FY20 FY21 FY22 FY23 9MFY24*

*9MFY23 & 9MFY24 numbers are unaudited | Note: The numbers are derived from statutory segment reporting

Foundry & Forging Division well poised to capture the market opportunity from increasing demand for wind power
22
 Consolidated Income Statement
(₹ Cr.)

Q3 FY24 Q2 FY24 Q3 FY23 9M FY24 9M FY23 FY23

Particulars
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
Net Volumes (MW) 170 132 170 437 482 664
Net Revenue 1,553 1,417 1,449 4,318 4,257 5,947
Contribution 565 546 492 1,616 1,439 1,965
Contribution Margin 36.4% 38.5% 34.0% 37.4% 33.8% 33.0%
Employee Expenses 177 183 157 521 452 609
Other Expenses (net) 141 139 123 417 382 517
EBITDA (Pre FX) 247 z 224 212 678 605 839
EBITDA Margin (Pre FX) 15.9% 15.8% 14.7% 15.7% 14.2% 14.1%
Depreciation 39 51 58 145 179 260
Net Finance Cost 5 36 80 93 321 401
Taxes 0 0 (1) 0 1 4
Net Profit/(Loss) (Pre Fx and Ex. Items) 203 136 75 440 104 174
Exchange Loss / (Gain) 0 (1) (3) 7 6 7
Exceptional Loss / (Gain) 0 35 0 27 (2,469) (2,721)
Net Profit After Tax 203 102 78 406 2,567 2,887
23
 Consolidated Balance Sheet
(₹ Cr.)

Dec-23 Mar-23 Mar-22

Particulars
Unaudited Audited Audited
Equity & Liabilities
Net Worth 3,626 1,099 (3,526)
Non-controlling interests - - (36)
Borrowings (non-current and current) 122 1,905 6,391
Non-current Liabilities 192 206 210
Current Liabilities 2,340 2,313 3,436
Total equity and liabilities 6,280 5,523 6,475
Assets
Non-current Assets 1,006 988 1,295
Inventories 2,054 1,827 2,208
Trade Receivables 1,556 1,170 1,377
Other current assets 822 813 1,000
Cash and cash equivalents 841 725 595
Total assets 6,280 5,523 6,475

Net Cash/(Net Debt) 719 (1,180) (5,796)

24
 Glossary

1. AEP – Annual Energy Production 17. LCoE – Levelized Cost of Energy

2. BOP – Balance of Plant 18. MNRE – Ministry of New And Renewable Energy
3. BESS – Battery Energy Storage System 19. MT – Metric Ton
4. C&I – Commercial and Industrial 20. MW – Megawatt
5. CEA - Central Electricity Authority 21. NIWE – National Institute of Wind Energy
6. COD – Commercial Operations Date 22. OEM - Original Equipment Manufacturer
7. EBITDA – Earnings before Interest, Tax, Depreciation and Amortizations 23. OMS – Operations and Maintenance Services
8. GoI – Government of India 24. PLF – Plant Load Factor
9. GH2 – Green Hydrogen 25. PSA – Power Sale Agreement
10. GW – Gigawatt 26. RE – Renewable Energy
11. GWEC – Global Wind Energy Council 27. RGO -- Renewable Generation Obligation
12. HH – Hub Height 28. RPO – Renewable Purchase Obligation
13. IRIM – International Research Institute for Manufacturing 29. RTC – Round The Clock
14. ISTS – Inter-State Transmission System 30. SCoD – Scheduled Commissioning Date
15. IWTMA – Indian Wind Turbine Manufacturers Association 31. WTG – Wind Turbine Generator
16. KPI – Key Performance Indicators 32. Y-o-Y – Year on Year

25
 References

https://www.seci.co.in/

https://cea.nic.in/

https://mnre.gov.in/

https://niwe.res.in/

https://powermin.gov.in/

https://www.mercomindia.com/

http://www.cercind.gov.in/

https://gwec.net/globalwindreport2023/

https://gwec.net/india-wind-energy-market-outlook-2023-2027-report/

https://www.crisil.com/en/home/sectors-we-cover/energy.html

26
 Thank You!
Email contact for queries:
investorrelations@suzlon.com

Suzlon Wind Farm, Weltur, Maharashtra

27