Tags: Suzlon Group

Suzlon Energy appoints Rakesh Sharma a SBI nominee as director

Suzlon Energy recently announced that it has appointed State Bank of India nominee Rakesh Sharma as the company’s nominee director, effective Thursday. The appointment has also been approved by the company’s board of directors, according to a BSE filing. “Rakesh Sharma, nominee of State Bank of India, has been appointed as the nominee director of […]

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Bankers look to resolve Suzlon Energy to stop contagion effect

Bankers may make one more attempt to resolve the account of troubled wind turbine maker Suzlon Energy to prevent the failure of one big wind energy player from triggering contagious defaults affecting the health of the entire sector. Sources privy to the development told IANS that lenders may seek a month’s extension for complete resolution […]

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Suzlon is continuously working on a resolution plan

Wind-turbine maker Suzlon Energy on Wednesday said the company is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps. “The company is continuously working on a resolution plan with the lenders and has also submitted a restructuring plan, which […]

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Suzlon Energy reports widening of net loss to Rs 777 cr in Q2

Suzlon Energy on Thursday reported widening of its consolidated net loss to Rs 777.52 crore in the quarter ended September 30, 2019. The company had reported a net loss of Rs 625.76 crore in the corresponding quarter last fiscal, Suzlon Energy said in a BSE filing. Its revenue from operations fell to Rs 803.09 crore […]

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Debt resolution plan not dependent on a single option: Suzlon

Suzlon Energy said that its debt resolution plan is not dependent on a single option and that the company is working with its bankers to reduce its debt. The company informed stock market on Monday “We wish to clarify that Suzlon’s debt resolution and revival plan have never been dependent on any single option. We […]

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Suzlon Energy net loss narrows to Rs 337 cr in June quarter

Suzlon Energy’s consolidated net loss narrowed to Rs 336.88 crore in the June quarter, on account of lower expenses. The company had reported a loss of Rs 575.10 crore in the corresponding period of the previous financial year. Its total expenses in the April-June 2019 quarter declined to Rs 1,178.39 crore as compared with Rs […]

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Suzlon Q4 net loss narrows to Rs 294.64 crore

Suzlon Energy on Thursday said its consolidated net loss for the March quarter narrowed to Rs 294.64 crore from Rs 469.85 crore a year ago, mainly due to lower expenses. Total consolidated income from operations declined to Rs 1,450.47 crore in the fourth quarter of 2018-19, compared to Rs 2,189.18 in year-ago period, the company […]

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Suzlon Energy completes sale of SE Solar and Gale Solarfarms to CLP Wind Farms

Suzlon Energy on Monday announced that it has completed sale of its two arms – SE Solar and Gale Solarfarms – to CLP Wind Farms for a total consideration of Rs 99.09 crore. “In terms of Share Subscription / Share Purchase and Shareholders’ Agreement executed by the company (Suzlon) and CLP Wind Farms (India) Private […]

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Suzlon shares pare losses after 43 per cent plunge on firm’s clarification

Shares of Suzlon Energy wiped off some losses after it clarifies that the rumours about the company were baseless. The company also appealed to the investors and stakeholders to not to believe in the same. The scrip plunged as much as 43 per cent to Rs 2.70 during the day against the previous close of […]

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