Page 3 - Suzlon Group

Suzlon bags two wind energy orders from Mahindra Susten, nordic energy firm

Renewables solutions provider Suzlon has bagged two separate wind energy orders of 100.8 MW each from Mahindra Susten and an Indian arm of a leading nordic energy company. Suzlon will install 48 units of their S120 140m wind turbine generators (WTGs) with a Hybrid Lattice tubular (HLT) tower and a rated capacity of 2.1 MW each in Maharashtra for Mahindra Susten Pvt Ltd, the clean-teach arm of the Mahindra Group, a company statement said. "We are delighted to partner with Mahindra Susten, for their first wind energy project. Indian conglomerates like the Mahindra Group are setting examples for corporate India towards embracing renewable energy and meeting India's national sustainability goals," said Girish Tanti, Vice Chairman, Suzlon Group said. According to a statement, Suzlon will execute the project with a full scope of supply, installation, and commissioning. Additionally, Suzlon will also undertake post-commissioning operation and maintenance services. Electricity generated f

Suzlon's S1443 MW series of wind turbines get RLMM listing by MNRE

Renewable energy solution provider Suzlon Group on Wednesday announced the listing of its S144 3 MW series of wind turbines in the Ministry of New & Renewable Energy's 'Revised List of Models & Manufacturers' (RLMM). "This is an important milestone required for successful commercialisation of the product," the company said in a statement. The company announced the RLMM listing of its S144 3 MW series of wind turbines, which are extendable to 3.15 MW, it added. 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, it added. Suzlon Group Chief Executive Officer JP Chalasani said, "This listing comes at the right time after our S144 product received an enthusiastic response from the market, evident from the strong order inflow". Considering India's varied wind regimes and terrains, the .

CRISIL upgrades Suzlon Energy ratings to BBB+ with positive outlook

Renewable solutions provider Suzlon Energy on Wednesday said Crisil upgraded its ratings by two notches to BBB+/A2 with a positive outlook. "Suzlon Group today announced that Crisil has upgraded the ratings of Suzlon Energy Ltd to CRISIL BBB+/A2 from CRISIL BBB-/A3' with a Positive Outlook for long-term and short-term facilities, reflecting the company's strengthened financial position, operational excellence and favourable sectoral tailwinds," a company statement said. According to the statement, the rating upgrade is a result of Suzlon's successful reduction of debt by repaying the entire term debt through the proceeds of a qualified institutional placement (QIP) of approximately Rs 2,000 crore. The reduction in fund-based borrowings, steady cash flows from the operations and maintenance (O&M) services business, and improved business profile in the wind turbine segment have contributed to this upgrade. Suzlon Group Chief Financial Officer Himanshu Mody said, "This upgrade is a .

Suzlon hits 8-year high; up 197% so far in FY24

Borkerage firm JM Financial Institutional Securities has initiated coverage on the stock with a 'Buy' rating.

Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Renewable energy solution provider Suzlon Group on Thursday announced that it has bagged an order from Integrum Energy Infrastructure for the development of a 31.5-MW wind energy project. The company did not disclose the value of the order. Suzlon will execute the project with a scope of supply, installation, and commissioning, the company said in a statement. Additionally, it said that Suzlon will offer post-commissioning operation and maintenance services. "Suzlon Group today announced a new order win for the development of a 31.5 MW wind power project for Integrum Energy Infrastructure Private Ltd", the statement said. Suzlon will install 15 units of S120140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each in Maharashtra and Karnataka. The project is expected to be commissioned in May 2024. J P Chalasani, Chief Executive Officer, Suzlon Group, said in the statement, "We are delighted to announce our second order wit

Suzlon gets order of 31.5 MW wind power project in Maharashtra, Karnataka

Suzlon will install 15 units of S120 - 140m wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each in Maharashtra and Karnataka

Suzlon Energy tumbles 10% in 2 days post Q1FY24 results

Shares of Suzlon Energy were locked in the 55 lower circuit band for a second straight day on Wednesday after the company's net profit for Q1FY24, including exceptional loss, tumbled to Rs 101 crroe

Suzlon Group bags 47.6 MW wind energy project in Gujarat from KP Group

Renewable energy solutions provider Suzlon Group has bagged an order for a 47.6 MW wind power project from KP Group in Gujarat. However, the company did not disclose the value of the order. The project is located at Vagra in Bharuch district in Gujarat and is expected to be commissioned in 2024, a company statement said. A project of this size can provide electricity to 36,000 households and curb 1.42 lakh tonne of CO2 emissions per year. Suzlon will supply their S133 wind turbines (equipment supply) and supervise execution and commissioning of the project. It will also provide comprehensive operations and maintenance services post commissioning. JP Chalasani, Chief Executive Office, Suzlon Group said, "The power generated from this project will serve the Commercial & Industrial (C&I) consumer segment, which is a key segment to drive deeper penetration of renewables in India.

Suzlon Group crosses 20 GW installed wind mills capacity worldwide

Suzlon's 20 GW wind energy installations are through 12,647 wind turbines across 17 countries spanning six continents

Suzlon Energy secures fourth wind energy project order in less than a month

This is Suzlon's fourth such order in less than a month. It will supply the wind turbines along with project supervision and commissioning as part of the agreement

Suzlon bags 99-MW wind energy project from Vibrant Energy for 33 generators

Renewable energy solution provider Suzlon has bagged a 99-MW wind energy project from Vibrant Energy. "Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators featuring its new 3 MW (each) series with a Hybrid Lattice Tubular tower for a 99 MW wind power project which is expected to be commissioned by FY25," the statement added. The company, however, did not disclose the value of the order. "We are delighted to announce our first order with Vibrant Energy which is a highly respected corporate renewable energy solutions provider. I look forward to a long partnership with Vibrant Energy in the coming years towards building a sustainable India," J P Chalasani, Chief Executive Officer, Suzlon Group, said. A project of this size can provide electricity to 307 thousand households and curb 2.92 lakh tonnes of CO2 emissions every year, a company statement said. "We are happy to partner with Suzlon Energy for our project which will provide round-the-clock ...

Suzlon gets order of 33 wind turbines from Vibrant for 99 MW energy project

The Vibrant Group said that a project of this size could provide electricity to 307,000 households and curb 292,000 tonnes of carbon emissions every year

Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

Suzlon looks to raise Rs 1,200 cr in FY23 from rights issue, says CFO

It is looking to raise up to Rs 1,200 crore through a rights issue of shares by the fiscal-end to pare the refinanced debt of Rs 3,000 crore, its Chief Financial Officer Himanshu Mody told PTI.

Suzlon Energy consolidated net loss widens to Rs 205 cr in March quarter

Suzlon Energy on Wednesday reported a consolidated net loss of Rs 205.52 crore in the March quarter. The consolidated net loss of the company stood at Rs 54.25 crore in the quarter ended March 2021, according to a regulatory filing. Total income in the quarter under review rose to Rs 2,478.73 crore from Rs 1,141.15 crore in the same period a year ago. The company also reported a consolidated net loss of Rs 176.55 crore for 2021-22. The same stood at Rs 103.59 crore in the year-ago period. Total income in FY22 rose to Rs 6,603.97 crore as against Rs 3,365.59 crore in 2020-21. The company said it has successfully concluded refinancing of its debt of the State Bank of India-led existing consortium of 16 lenders with REC Limited-led consortium of two lenders. Suzlon's board has approved the re-appointment of Vinod R Tanti as the Whole Time Director & Chief Operating Officer of the company with effect from October 1, 2022 for a further period of three years, or up to September 30, ...

Suzlon Energy reports Rs 12.40 crore net loss in September quarter

The company on Friday reported a consolidated net loss

Suzlon board okays allotment of 2.36 cr shares post conversion of bonds

Suzlon Energy on Thursday said its board has approved allotment of 2.36 crore equity shares following conversion of dollar denominated bonds.

Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms

The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above

Suzlon may escape NCLT route as lenders explore debt restructuring

The Centre's latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company

Independent Indian directors quit Suzlon Energy; investor hunt continues

Suzlon, India's leading wind turbine manufacturer, defaulted on payment of Rs 1,169 crore ($172 million) due to its foreign currency convertible bond (FCCBs) holders in July