Reply to the query dated 09-07-2025 for submission of Announcement in revised format for bagging order of Adani Wind.
SGIL · price
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Awaiting price reaction for this filing.
Synergy Green Industries has received a development order from Adani New Industries Ltd (Adani Wind) worth Rs. 5.37 Crores for supply of fully finished Main Frame and HUB castings used in 3.3 MW wind turbine generators. Delivery is to be made at Adani's Mundra Plant by December 25, 2025, with 100% payment through irrevocable Letter of Credit. The development phase is expected to be completed in Q3 FY2026, with serial production slated for Q4 FY2026. This adds to Synergy Green's existing serial supply of bearing housing castings for Adani's 5 MW turbine platform. The order is domestic, with no promoter or related party interest.
Positive for the stock — the order reinforces Synergy Green's position as a key supplier to Adani Wind and supports management's projection of doubling its order book with Adani Wind from Rs 20 Cr in FY25 to Rs 40 Cr in FY26. However, the immediate order value is modest (Rs 5.37 Cr) and represents a development order, so near-term revenue impact is limited while longer-term serial production potential is the real catalyst.