Tags: Suzlon Group

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

Suzlon bags 50.4-MW order in Tamil Nadu from Atria Power

Wind turbine maker Suzlon Group on Thursday said it has bagged a 50.4 megawatt (MW) order in Tamil Nadu from Bengaluru-based Atria Power. “Suzlon will install 24 units of …wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower, with rated capacity of 2.1 MW each. The project is located in Tuticorin, Tamil Nadu […]

Read more

Suzlon Installs and Commissions India’s Tallest Hybrid Concrete Tubular Tower

Suzlon Group today announced the installation and commissioning of India’s tallest Wind Turbine Generator (WTG) with a Hybrid Concrete Tubular (HCT) Tower. The first prototype of S120 – 140m HCT has been commissioned at the Tirunelveli site in Tamil Nadu. The 140m HCT tower is a combination of concrete base and foundation supporting a tubular […]

Read more

Suzlon shareholders reject proposals to raise Rs 2,900 crore

Renewable energy solution provider Suzlon Energy’s shareholders have rejected two separate proposals to raise a total Rs 2,900 crore through issuance of equity shares and debentures. A majority of public shareholders voted against special resolutions to raise Rs 2,000 crore through an issue of equity shares and Rs 900 crore through non-convertible debentures or non-equity […]

Read more

Suzlon planning to re-enter international market shortly: CEO

On the verge of coming out of the crippling financial crisis created by its over dependence on overseas market, leading wind turbine manufacturer Suzlon is planning to re-enter international markets, a senior company official has said. The Pune-based company was on a leveraged expansion spree when the global markets were good and used to draw […]

Read more