ICICI Securities Recommends Buy on Suzlon Energy, Sets Rs 76 Target

• ICICI Securities recommends 'Buy' for Suzlon Energy with a target price of Rs 76.
• Suzlon has resumed operations at its Puducherry plant (4.5GW capacity) and is adding three new blade manufacturing plants.
• The company plans an annual capex of INR 5-5.5bn for the next 2-3 years and aims to increase EPC share to 50% by FY28.
• Suzlon is focusing on export and repowering opportunities, and benefits from government policies on wind energy.
• Management highlighted a strong orderbook and order inflow outlook, providing medium-term visibility.

Why It Matters: This offers an investment opportunity in Suzlon Energy with a target of Rs 76.