Page 3 - Suzlon

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

Subscription of Rs 1,200 cr rights to aid Rs 584 cr debt repayment: Suzlon

Suzlon Energy would be able to pare its debt by Rs 583.5 crore with full subscription of its Rs 1,200 crore rights issue which opened on Tuesday, the company said. "Rs 583.5 crore debt will be repaid with the assumption of full subscription of Rs 1,200 crore rights issue opened on Tuesday," Suzlon Group Chief Financial Officer Himanshu Mody said in a virtual press conference. He said the total debt of the company was Rs 3,200 crore as of June quarter 2022-23 and the company would be able to repay the remaining debt in the next eight years. Mody emphasised that the company would have much leaner, healthier and better balance sheet after the issue and there will be no decline in the promoters' holding after the issue. About an earlier instance of decline in promoter holding, he said it happened due to conversion of certain bonds (debt) into equity (under the debt restructuring plan). Earlier this month, Suzlon Energy had said its promoters had reconfirmed their participation in the

Stocks to Watch: UPL, ITC, Restaurants, Multiplexes, FMCG, OMCs, Suzlon

Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.

Top headlines: PLI scheme targets jobs; mobile apps struggle for money

The govt's ambitious target of generating 6 mn jobs from the PLI scheme will hinge on five of the 14 specified sectors.

Suzlon Energy posts net profit of Rs 37 cr in Dec quarter

Suzlon Energy has posted a consolidated net profit of Rs 37.73 crore in the December 2021 quarter mainly on account of higher revenues

Suzlon, Dish TV, Voltas: Trading strategies for volume buzzers of the day

These five stocks are buzzing in trade today on the back of a spurt in volumes. Here are the key levels you need to watch out for.

Suzlon bags order to develop 252 MW wind power project from CLP India

Suzlon Group has bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur in Gujarat, a statement said

Suzlon December quarter loss narrows to Rs 118 crore on higher revenues

Total income from operations rose to Rs 959.52 crore in the quarter under review, from Rs 672.99 crore in the same period a year ago

Indiabulls Housing, Suzlon among 417 stocks that hit upper circuit limit

Suven Life Sciences hit a record high of Rs 99.95 on Wednesday, having rallied 115 per cent thus far in December.

Suzlon Energy reports Rs 670 crore net profit in September quarter

The company had recorded a consolidated net loss of over Rs 777 crore in the quarter ended on September 30, 2019, showed a BSE filing at midnight on Tuesday

We are not looking for equity investor at present: Suzlon's Tulsi Tanti

The company had said in July that it had completed the restructuring and term debt had reduced substantially

Working on resolution plan, have submitted restructuring proposal: Suzlon

The company is also in discussions with the foreign currency convertible bond holders for settlement of the FCCB borrowing, the filing said.

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

Suzlon Energy offers to repay $1.2 bn for stressed debt settlement: Report

Suzlon shares rose as much as 14% in early Mumbai trading on Friday, the biggest intraday gain in two weeks

Brookfield's plan to acquire cash-strapped Suzlon hits a roadblock

The source said Brookfield's offer to infuse fresh equity into the company would depend on the haircut to be taken by the banks

Best of BS Opinion: Have our institutions responded adequately to frauds?

From trade trouble to future demographic shocks, here are the best of Business Standard Opinions for the day

Suzlon defaults on $172-mn bonds, in talks with investors for stake sale

In October 2012, when Suzlon defaulted on a repayment of $221 million, it was India's biggest bond default till then