India's Suzlon, Inox Wind rise after India mandates local sourcing, data control for turbines

Suzlon Energy

01/08/2025 05:57

** Shares of renewable energy solutions provider Suzlon Energy SUZL.NS and wind turbine generator maker INOX Wind INWN.NS rise 5% and 2%, respectively

** India introduces stringent norms pushing wind turbine makers to use local parts and store data domestically

** Norms require wind turbine makers to also set up control and R&D centers domestically within a year

** Move likely to benefit domestic wind equipment makers such as SUZL, INWN

** SUZL set to rise for second straight session; INWN set to snap 2-day losing streak

** YTD, SUZL down ~1% and INWN down ~15%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))