Page 3 - Suzlon Energy

Suzlon Energy sells corporate office to OE Business Park; stock gains 3%

The uptick in Suzlon Energy share price came after the company announced that it has executed a Conveyance Deed to sell its Pune-based corporate office to OE Business Park for Rs 440 crore.

Suzlon Energy sells corporate HQ in Rs 440 crore sale-leaseback deal

Company says move to help focus on core operations

Voda Idea, Suzlon: Trading strategies in stocks where FIIs increased stake

Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.

After nearly 300% rise in 1 year, does Suzlon stock have more upside left?

Suzlon share price today: From a level of Rs 20.25 seen on August 16, 2023, Suzlon share price has zoomed 295 per cent in one year to quote at Rs 79.93 per share as on Friday

Ola, SMS Life, IWEL, GMR Power, Suzlon and 356 others hit upper circuit

Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.

Suzlon Energy extends rally, zooms 50% in 1 month on strong Q1 results

Suzlon share price today news: Suzlon shares were locked at 5-per cent upper circuit in the intraday trade

This BSE200 stock hit Rs 1 trillion market cap; zoomed 90% in 3 months

Suzlon market cap hits Rs 1 trn on Friday: The sharp rise in market cap was due to allotment of equity shares in rights issue; conversion of optionally convertible debentures and bonds into stock.

Suzlon Energy locked in 5% upper circuit after acquisition worth Rs 620 cr

The company has signed definitive agreements to acquire a 76 per cent stake in Renom Energy Services Private Limited from the Sanjay Ghodawat Group (SGG). The acquisition will occur in two stages

IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit

IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.

This renewable energy solutions provider stock has zoomed 625% in 15 months

Suzlon Energy rallied 5% to Rs 57.82, hitting an over 13-year high on the BSE in Tuesday's intra-day trade after the firm reported highest quarterly EBITDA in 7 years at Rs 370 crore in Q1FY25.

Suzlon Group Q1 results: Profit after tax nearly three-fold up at Rs 302 cr

The company's revenues also rose to Rs 2,016 crore from Rs 1,348 crore in the year-ago quarter

Stocks to Watch, June 14: Voda Idea, Dr Reddy's, Suzlon, Signature Global

Stocks to Watch on Friday, June 14: Vodafone Idea (Vi) has decided to offer a Rs 2,458 crore stake to long-term vendors Nokia and Ericsson in a bid to partially clear outstanding dues

Suzlon dips 4% as director flags corporate governance issues; time to sell?

Analysts at ICICI Securities said that Suzlon has been focused on debt reduction and efficient management of working capital in the last 15 months. It will look to improve corporate governance further

Suzlon denies any financial irregularity as independent director quits

Renewable energy solutions provider Suzlon Energy on Monday clarified that there are no financial irregularities or compliance violations within the organization, following the resignation of its independent director Marc Desaedeleer. Desaedeleer resigned on Saturday and raised corporate governance issues within the company in his resignation on June 8, 2024, as per a BSE filing. In the resignation Desaedeleer said, "I am very pleased with the operational and financial performance recorded by the company over the last eighteen months. But, over the same period and including recently, several situations occurred where the corporate governance standards applied by the company did not meet my expectations including situations where communications lacked the level of openness and transparency, I would have liked to see." He further said "we discussed several of these situations, some were shared with board members, and I sent you recently a note covering these situations with the hope .

Suzlon Group gets 82 megawatt wind energy project from Oyster Green

Suzlon Group on Friday said it has secured a wind energy project of about 82 megawatt (MW) from Oyster Green Hybrid One Pvt Ltd. It will install 26 wind turbine generators (WTGs), each having a rated capacity of 3.15 MW at Oyster Green's site at Agar in Madhya Pradesh, the company said in a statement. "Suzlon secures a new order of 81.9 MW for the 3 MW series from Oyster Green Hybrid One Private Limited," it said. As part of the agreement, Suzlon will supply the wind turbines and execute the project, including erection and commissioning. The company will also undertake comprehensive operations and maintenance services post commissioning. "The electricity generated from this project will target the C&I customer segment, creating a deeper penetration of renewable energy in India. We are committed to powering the industry with sustainable green energy to power their progress while meeting their net-zero ambitions," Vivek Srivastava, Chief Executive Officer, India Business, Suzlon ...

Suzlon Energy Q4 results: Net profit declines 21% to Rs 254 crore

Renewable energy solutions provider Suzlon Energy on Friday reported nearly 21 per cent decline in consolidated net profit to Rs 254 crore in the March quarter mainly due to certain exceptional items. The company reported a consolidated net profit of Rs 320 crore in the year-ago period, a BSE filing said. Total income rose to Rs 2,207.43 crore in the quarter from Rs 1,699.96 crore in the same period a year ago. The consolidated net profit in the 2023-24 fiscal year also declined to Rs 660 crore from Rs 2,887 crore a year earlier. Total income in the fiscal rose to Rs 6,567.51 crore from Rs 5,990.16 crore a year ago. The company explained that PAT (profit after tax or net profit before exceptional items) for the March quarter increased 411 per cent to Rs 281 crore on a year-on-year basis. The cumulative orders as on May 24, 2024 are 3.3 GW. This includes the order book as on March 31, 2024 of 2,929 MW, plus orders secured subsequently of 402 MW. "We have been able to create a sol

Suzlon secures 72.45 MW wind power project from Juniper Green Energy

Renewable energy solutions provider Suzlon Group on Thursday said it has secured a 72.45 MW wind power project from Juniper Green Energy Pvt Ltd. As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the client's site at the Dwarka district in Gujarat, a company statement said. The company will supply the wind turbines (equipment supply) and execute the project with a scope of supply, supervision, and commissioning. Additionally, Suzlon will undertake post-commissioning operation and maintenance services, according to the statement. JP Chalasani, Chief Executive Officer, Suzlon Group, said, "we are delighted to announce our third order with Juniper Green Energy Private Limited in just a few months." A project of this size can provide electricity to 59,000 households and curb 2.35 lakh tonnes of CO2 emissions per year.

After up to 595% rally in 1 year, wind energy stocks hit by policy overhang

Shares of companies involved in wind energy generation declined up to 5 per cent amid reports that the government may bring back reverse auctions in the wind energy sector

Suzlon bags 30 MW wind project from EDF Renewables, to install 10 WTGs

Renewable energy solutions provider Suzlon on Thursday said it has bagged an order for a 30 MW wind power energy project from EDF Renewables. As part of the order, Suzlon will install 10 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each in Gujarat, a company statement said. Suzlon will execute the project with a scope of supply, supervision, commissioning, post-commissioning and maintenance services, the statement said. JP Chalasani, Chief Executive Officer, Suzlon Group, said, "EDF Renewables is a highly reputed Global power company with an established track record in renewable energy. Therefore, receiving an order from them is a matter of pride for us." Arne Lorenzen, Chief Executive Officer, EDF Renewables India said, "We look forward to leveraging Suzlon's extensive experience in the Indian wind market to make this project successful. We want to operate and expand our clean energy portfolio in India in the years to ...

Suzlon Q3 results: Net profit jumps to Rs 203 cr, income at Rs 1,569 cr

Renewable energy solutions provider Suzlon Energy on Wednesday posted a nearly 160 per cent jump in its consolidated net profit to Rs 203.04 crore in the December quarter, on the back of higher revenues. Its consolidated net profit was Rs 78.28 crore in the quarter ended on December 31, 2022, according to a regulatory filing. Total income rose to Rs 1,569.71 crore in the third quarter from Rs 1,464.15 crore a year ago. "In Q3 of FY24, we concluded 2023 on a strong note. The quarter showcased impactful policies propelling India's renewable energy vision ahead," Girish Tanti, Vice Chairman at Suzlon Group, said in a statement. "Our service business continues to do well. We are concentrating our efforts towards creating a better customer experience, a stronger organisation and management structure in our service business in line with expected growth of the sector," JP Chalasani, Chief Executive Officer of Suzlon Group, said. "In Q3 FY24, we have seen consistent improvement in perform