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| Suzlon posts net loss of Rs 52.3 cr for period ending Dec 31 |
| Press Trust of India / New Delhi Apr 21, 2009, 14:24 IST |
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Leading wind-turbine maker Suzlon Energy today said it has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.
However, the company's total income nearly doubled to Rs Rs 17,499.2 crore from Rs 8,924.3 crore during the same period, Suzlon said in a regulatory filing to the Bombay Stock Exchange.
The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.
Suzlon Energy Chairman and Managing Director Tulsi Tanti had earlier this month said that the company would start operations in South Africa and expand in South America, where the company has a presence in Brazil. It is also looking at enhancing its operations in Europe.
The company, through its German arm REpower Systems AG, would supply and erect equipment for power projects in Canada from the next financial year (2010-11).
Suzlon Energy plans to augment the manufacturing capacity of its equipment to support power generation of 5,700 MW by June this year, from the current 4,000 MW.
Shares of the company closed at Rs 57.45, down 1.96 per cent on the BSE.
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