Shares of Suzlon and Inox Wind are in focus on Friday after the government has revised the Wind Repowering policy.
As part of the revised policy, old wind farms with a low rating of less than 2 MW will be replaced with new, high rating turbines of the 2-3 MW series.
The government also intends to make land parcels available that have the maximum wind potential.
Brokerage firm JM Financial has called the Wind Repowering policy as a 25 GW opportunity. It said that the old wind farms had low rating turbines which were mostly informed by Suzlon in the 1990s.
JM Financial also said that this will be an advantage from Suzlon's point of view, as it has a huge repository of sute data.
Recently, Suzlon's S144 - 3 MW series of wind turbines, received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy (MNRE).
Such a listing is essential for successful commercialisation of the product, the company said.
Suzlon has already installed the first prototype of this series at a hub height of 160m with a hybrid lattice tubular (HLT) tower at the Gondal site in Gujarat.
Currently, the product is in the process of serial manufacturing and commercialisation, the company said.
In a recent interaction with CNBC-TV18, Suzlon's management said that the company's plan is to focus on the executing the existing order book.
Shares of Suzlon are currently flat at ₹39, while those of Inox Wind are up 1.6% at ₹361.90.
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