Latest news with #SynergyGreenIndustries
Mint
17-07-2025
- Business
- Mint
Wind industry urges govt for phased localisation of key wind turbine components
New Delhi, Jul 17 (PTI) Certain players in India's wind energy sector have urged the government to adopt a phased approach to the localisation of key wind turbine components, stating that it would better support and strengthen domestic manufacturing. They have raised concerns over a recent draft amendment mandating rapid localisation of key wind turbine components for inclusion in the revised list of models and manufacturers. Industry players are advocating for a more phased and industry-aligned approach to avoid potential supply chain bottlenecks and significant cost increases. "The recent MNRE directive on indigenisation, while well-intentioned, needs a phased, industry-aligned approach. Precision parts like gearboxes and converters require not just capex, but tech partnerships and skilled talent. Instead of blanket targets, India should focus on enabling quality manufacturing, selective localisation, and global competitiveness," V Sriniwas Reddy, Executive Director, Synergy Green Industries, said. He said India has the potential to become the world's third-largest wind market, but only if we prioritise quality, investor confidence, and global integration over short-term mandates. Echoing similar concerns, Francis Jayasury, Director- India, Global Wind Energy Council (GWEC), called for smart localisation strategies. "Our focus should be on full utilisation of domestic capacity while partnering globally for specialised technologies," he said. Not every component needs to be made locally; smart localisation, not forced isolation, should guide our strategy, he added. "The focus must be on full utilisation of existing domestic capacity, while partnering globally for highly specialised technologies," Jayasury said. The industry has recommended clear HS (harmonised system) code classifications, BIS (Bureau of Indian Standards) standards for structural components, and export-linked incentives to build investor confidence.
Mint
09-07-2025
- Business
- Mint
Small-cap green energy stock gains 11% on receipt of an order from a Adani group company
Stock Market Today: Small-cap green energy stock gained almost 11% during the intraday trades on Wednesday. The company Synergy Green Industries announced receiving a development order from Adani Group company Adani Wind. Small-cap stock Synergy Green Industries announced an order book update on the exchanges on Tuesday, 8 July 2025, after market hours. The update was regarding the receipt of a development order for 3.3 MW Parts to Adani Wind. As per small-cap green energy stock Synergy Green Industries, the wind energy division of Adani New Industries Ltd.—and one of the fastest-growing wind OEMs in India—Adani Wind has awarded Synergy Green Industries Ltd. a development order for 3.3 MW turbine parts. It is anticipated that the development stage will be finished in Q3 of FY 2026, and serial production would follow in Q4 of FY 2026. Synergy Green highlighted that it is already engaged in the serial supply of bearing housing castings for Adani's 5 MW turbine platform. With this new development order, our order book of Synergy Green Industries with Adani Wind is projected to double from ₹ 20 Crores in FY 2025 to ₹ 40 Crores in FY 2026, based on forecasted volumes, said the company With cutting-edge manufacturing facilities located in Kolhapur, Maharashtra, Synergy Green is reaffirming its position in the production of big, crucial castings for wind turbine components. 'We are proud to be a trusted supplier to leading global wind OEMs, and this order further reinforces our strategic positioning in the renewable energy sector,' highlighted Synergy Green. On Wednesday, the price of Synergy Green's shares opened at ₹ 537.95 on the BSE. At opening, the price of Synergy Green's shares was 3.4% higher than its closing price of ₹ 520.10 the day before. Subsequently, the price of Synergy Green's shares increased to levels of ₹ 576.80, representing gains of about 11% during intraday trading. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
09-07-2025
- Business
- Business Standard
Here's why Synergy Green Industries shares hit record high today; details
Synergy Green Industries share price: Synergy Green Industries shares were buzzing in trade on Wednesday, July 9, 2025, with the stock rallying up to 10.90 per cent to hit a fresh record high of 576.80 per share. At 12:25 PM, Synergy Green Industries shares continued to trade higher, up 5.13 per cent at 546.80 per share. In comparison, BSE Sensex was trading flat with a negative bias at 83,742.09 levels. Why did Synergy Green Industries share price hit a record high today? Synergy Green Industries shares surged to a record high today after the company announced a major order win from Adani Wind, the wind energy arm of Adani New Industries. In an exchange filing, Synergy Green Industries said, 'We are pleased to inform you that Adani Wind, the wind energy division of Adani New Industries Ltd. and one of the fastest-growing wind OEMs in India, has awarded Synergy Green Industries Ltd. a development order for 3.3 MW turbine parts.' The development work is slated to be completed in Q3FY26, followed by the start of serial production in Q4FY26. This comes as an expansion of Synergy Green Industries' existing partnership with Adani Wind – the company is already supplying bearing housing castings for Adani's 5 MW turbine platform. Including the latest order, Synergy Green's order book with Adani Wind is expected to double from ₹20 crore in FY25 to ₹40 crore in FY26, based on anticipated volumes. With manufacturing facilities in Kolhapur, Maharashtra, Synergy Green continues to cement its leadership in producing large, high-precision castings for wind turbine components. 'We are proud to be a trusted supplier to leading global Wind OEMs, and this order further reinforces our strategic positioning in the renewable energy sector,' Synergy Green Industries said. About Synergy Green Industries Synergy Green Industries is a premier foundry and manufacturer of large-size castings, headquartered in Kolhapur, Maharashtra. Equipped with one of India's largest semi-automated fast-loop moulding lines and induction furnaces capable of handling up to 33 MT pieces, the company produces SG Iron, grey iron, and steel castings in weights ranging from 3 to 30 MT, with an annual capacity of around 30,000 MT. Its product lineup caters to wind turbines, such as hubs, bearing housings, rotor shafts, and heavy engineering segments like mining, pumps, and plastic injection, positioning it as a top-tier supplier to major global wind OEMs. Synergy Green stresses upon operational excellence, sustainable manufacturing, and stringent quality control. The company employs advanced techniques like automated sand reclamation, thermal reclamation, flow-control sand mixers, and metallurgical testing tools (e.g. Magma flow analysis, ATAS thermal analysis) .
Business Standard
09-07-2025
- Business
- Business Standard
Synergy Green jumps on bagging 3.3 MW turbine parts order from Adani Wind
Synergy Green Industries surged 8.40% to Rs 563.80 after the company secured a development order for 3.3 MW turbine parts from Adani Wind, the wind energy division of Adani New Industries. The development phase is expected to be completed by Q3 of FY 2026, with serial production scheduled for Q4 of FY 2026. Synergy Green is also actively engaged in the serial supply of bearing housing castings for Adani's 5 MW turbine platforms. With this new development order, Synergy Greens order book with Adani Wind is projected to double from Rs 20 crore in FY 2025 to Rs 40 crore in FY 2026, based on forecasted volumes. Synergy Green continues to solidify its leadership in the manufacturing of large, critical castings for wind turbine components, with state-of-the-art facilities located in Kolhapur, Maharashtra. The company takes pride in being a trusted supplier to leading global wind OEMs, and this order further reinforces its strategic position in the renewable energy sector. Synergy Green Industries is engaged in the manufacturing of large size critical castings for wind turbine parts. It has facilities located at Kolhapur (Maharashtra) and has established itself as a reliable supplier to all major global wind OEMs. The companys standalone net profit jumped 18.2% to Rs 3.84 crore on 18.4% rise in revenue from operations to Rs 97.47 crore in Q4 FY25 over Q4 FY24.
Business Standard
10-05-2025
- Business
- Business Standard
Synergy Green Industries standalone net profit rises 18.15% in the March 2025 quarter
Sales rise 18.42% to Rs 97.47 crore Net profit of Synergy Green Industries rose 18.15% to Rs 3.84 crore in the quarter ended March 2025 as against Rs 3.25 crore during the previous quarter ended March 2024. Sales rose 18.42% to Rs 97.47 crore in the quarter ended March 2025 as against Rs 82.31 crore during the previous quarter ended March 2024. For the full year,net profit rose 46.11% to Rs 16.89 crore in the year ended March 2025 as against Rs 11.56 crore during the previous year ended March 2024. Sales rose 11.02% to Rs 362.27 crore in the year ended March 2025 as against Rs 326.31 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 97.4782.31 18 362.27326.31 11 OPM % 15.2611.63 - 14.4312.04 - PBDT 10.827.26 49 38.0127.75 37 PBT 7.674.03 90 24.9915.66 60 NP 3.843.25 18 16.8911.56 46
