Suzlon Energy Share Price Live Updates: Suzlon Energy stock declines over 1% on Friday

Shares of Suzlon Energy stock declined 1.45% on the NSE to trade at ₹74.90 as at 12.12 pm.

On the BSE, the stock was down 1.49% to trade at ₹74.87.

Considering Suzlon’s increasing order book and the project sites, the decision to sell its large corporate office space appears both strategic and working-capital friendly. With the shift away from owning such extensive office facilities and planned sub-leasing of the property is likely to help the company in mobilizing more working capital for enhanced execution. The transaction, valued within the current market range of INR 7,500 to INR 9,500 per square foot in Pune’s Hadapsar area, seems fairly priced with annual rent under the lease of c. INR 450-500 mn (JMFe). With the company paying annual rent that is about 12% of the sale consideration, compared to FY24 ROE of 28%, investing in its core business is value-accretive. Overall, we view this transaction positively, recognizing its potential to strengthen Suzlon’s financial position and operational performance amid favorable market conditions and effective asset-light strategy.

Shares of Suzlon Energy declined 1.51% on the NSE, trading at ₹74.85 as at 10.42 am.

Track bl’s stock market live updates here

Renewable energy solutions provider Suzlon Group had monetised non-core assets worth Rs 440 crore. This move is part of Suzlon’s broader growth strategy of becoming asset-light and unlocking capital for growth to fund execution of its expanding order book with internal resources, a company statement said. Suzlon Group also announced disinvestment of its corporate headquarters One Earth. This sale and leaseback arrangement will not impact Suzlon’s operations, it said.

Suzlon Energy shares traded flat on the NSE at ₹75.63 as at 9.52 am.