Page 2 - Suzlon

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

Suzlon bags 642 MW project from ACPL to set wind turbines in Andhra

Renewables solutions provider Suzlon Group on Tuesday said it has bagged a 642-MW wind power project from an Evren company, ABC Cleantech Private Limited (ACPL). Evren is a joint venture in India between Brookfield and Axis Energy. As part of the order, Suzlon will install 214 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each in Andhra Pradesh, a company statement said. "Suzlon is committed to partnering with Evren to enhance their green energy portfolios while helping advance India's renewable energy goals," Girish Tanti, Vice Chairman, Suzlon Group said in the statement. Evren is the new development platform launched by Brookfield in India as a joint venture with Axis Energy. Evren has an initial target to build over 6 GW of renewable energy assets in the next 2-3 years in the most resource-rich states in India. JP Chalasani, Chief Executive Officer, Suzlon Group, said in the statement, We are happy to announce our first o

Suzlon Group secures 225 MW wind energy project from Everrenew Energy

Renewable energy solutions provider Suzlon Group has secured a new 225 MW wind energy order from Everrenew Energy. Suzlon will install 75 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at Everrenew Energy's sites at Vengaimandalam, Trichy district and Ottapidaram, Tuticorin district in Tamil Nadu, a company statement said. This order is for the company's larger rated 3 MW, S144-140m turbines from the 33.15 MW product series, it added. "This project with Everrenew Energy serves the promising commercial and industrial (C&I) segment of the Indian market, which will be important in driving our national targets over time," Girish Tanti, Vice Chairman, Suzlon Group said in the statement. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project, including commissioning. Suzlon will also undertake comprehensive operations and maintenance services post-commissioning. "The Power .

Suzlon bags 300 MW project from Apraava Energy to supply wind turbines

Renewables solutions provider Suzlon on Thursday said it has bagged a 300 MW wind energy project from Apraava Energy. Suzlon will instal 100 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, and a rated capacity of 3 MW each at the client's site in Karnataka, a company statement said. Suzlon Group won a new order for developing a 300 MW wind power project for Apraava Energy Private Ltd, as per the statement. As part of the agreement, Suzlon will supply wind turbines and supervise the project, including commissioning. Suzlon will also undertake comprehensive operations and maintenance services post-commissioning. "Apraava has been a long term, repeat customer for us and we are delighted to partner again with them," Suzlon Group Vice Chairman Girish Tanti said in the statement. Suzlon Group Chief Executive Officer J P Chalasani said, "While the project itself is part of the SECI (tranche XIV) auction, the electricity generated from this project will be used

MSCI Index inclusion likely to spur big churn for domestic stocks

IndusInd, Suzlon, Paytm among nine companies seen getting added to the index

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 201.6 MW wind energy project order from Teq Green Power XI

Renewables solution provider Suzlon Group on Friday announced that it has bagged a large order for a 201.6 MW wind energy project from Teq Green Power XI, a part of O2 Power. However, the company did not disclose the value of the order in its statement. "Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning," a Suzlon statement said. The company will also provide operation and maintenance services post-commissioning. "Suzlon Group today announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Pvt Ltd, part of O2 Power Pvt Ltd," it stated. The Suzlon will install 64 of its largest wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project. The project is expected to be commissioned in 2025. Girish Tanti, Vice Chairman, Suzlon Group said, "We are delighted to welcome Teq Green

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 freezes at 5% upper limit, hits 6-year high; up 25% over QIP price

With India poised to lead decarbonization of its economy, the management said it is seeing renewed enthusiasm from India Inc. to drive this green energy transition.

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, Mazagon Dock: 75% of Nifty SmallCap stocks trade firm above 200-DMA

Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.

TTML, Suzlon, Paytm: 5 stocks up over 15% in May. Is it time to sell them?

The bullish trend in TTML, Suzlon, Paytm, Mazagoan Dock Shipbuilders and Torrent Power continues to remain resilient, anticipating up to 30 per cent upside.

Suzlon posts Rs 320 cr net Q4 profit, total income falls to Rs 1,699 cr

Renewable energy solution provider Suzlon on Tuesday posted a consolidated net profit of Rs 319.99 crore for the March 2023 quarter, mainly due to lower expenses. The company reported a consolidated net loss of Rs 205.52 crore in the quarter ended on March 31, 2022, a BSE filing showed. Its total income from operation dipped to Rs 1,699.96 crore in the quarter from Rs 2,478.73 crore a year ago. The total expenses of the company also declined to Rs 1,628.39 crore in the quarter from Rs 2,511.70 crore. It has also posted a consolidated net profit of Rs 2,887.29 crore for the full fiscal 2022-23. It had reported a net loss of Rs 176.55 crore in 2021-22. The company's total income in the fiscal also dipped to Rs 5,990.16 crore from Rs 6,603.97 crore in 2021-22. Girish Tanti, Vice Chairman, Suzlon Group, said, "As evident from these results, we have closed FY23 with a strong financial performance and the successful launch of our powerful 3 MW technology platform". JP Chalasani, Chief

Suzlon bags 69 MW wind energy order from Nordic Energy's Indian subsidary

Renewable energy solutions provider Suzlon has secured a 69 MW wind energy order from the Indian subsidiary of a leading Nordic Energy Company. The order is for the development of a 69 MW wind power project for the Indian subsidiary of a leading Nordic Energy Company, a Suzlon statement said. The company, however, didn't disclose the value of the order. Suzlon will install 23 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each. "At Suzlon, we take great pride that a leading Nordic Energy Company with a proven global track record in renewable energy has placed their trust in Suzlon for their first wind energy project outside of Europe," JP Chalasani, Chief Executive Officer, Suzlon Group, said. The project is located at Karnataka and is expected to be commissioned in 2024. This is the fourth order of the larger wind turbine model from the new 3 MW series - the S144 - 140m is part of the agreement wherein Suzlon Energy will sup

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 bags order for 39-MW wind energy project from First Energy

Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement said. Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3 MW each. The project, to be located at Thalaikattupuram, Tuticorin in Tamil Nadu, is expected to be commissioned in 2024. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post-commissioning. J P Chalasani, CEO, Suzlon Group, said in the statement, "This is our first order with the (Thermax) group and features our 3 MW series product, which is one of the largest wind turbines in India today." Ravi Damaraju, Director, First Energy, said

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 Energy looks to pare debt by Rs 583.5 crore after rights issue

Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday