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Suzlon Energy
Renewable energy solutions provider Suzlon on Tuesday said it has bagged a 204.75 MW wind energy order from Jindal Renewables. The new order was bagged from Jindal Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables. Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 3.15 MW capacity, a company statement said. The order will be executed in the Karur region of Tamil Nadu. This partnership is Suzlon's largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders to power Jindal Steel's plants in Chhattisgarh and Odisha, adding 702.45 MW of wind energy. "Building on our initial successes in Karnataka, we're now expanding the Low CO2 Steel movement to Tamil Nadu, a trailblazer in wind energy," Girish Tanti, Vice Chairman, Suzlon Group, said Currently, C&I customers account for 59 per cent of Suzlon's total order book, which has now reached a ..
Suzlon Group on Wednesday said it has secured a repeat order from Oyster Renewable to supply 64 wind turbine generators each having a rated capacity of 3.15 megawatts (MW). It will supply 64 wind turbine generators (WTGs) of S144 series with Hybrid Lattice Towers (HLT) to Oyster Renewable in Madhya Pradesh, the company said in a statement. "Suzlon Group has secured a repeat order of 201.6 MW from Oyster Renewable, reasserting its leadership in India's wind energy sector. With this latest addition, Suzlon's partnership with Oyster Renewable has now grown to 283.5 MW in Madhya Pradesh within just nine months," it said. Girish Tanti, Vice Chairman, Suzlon Group, said, "After working with us for commissioning, Oyster has now trusted Suzlon with a full EPC order, reinforcing our position as the preferred renewable energy partner." J P Chalasani, Chief Executive Officer, Suzlon Group, said, Madhya Pradesh has become a key wind energy hub. This is company's 5th repeat order this ...
Renewables solutions provider Suzlon Energy on Tuesday posted 91 per cent jump in consolidated net profit at Rs 388 crore for December quarter on the back of higher revenues. The company had a net profit of Rs 203 crore in the quarter ended December 31, 2023, a company statement said. According to the statement, net revenue rose to Rs 2,969 crore from Rs 1,553 crore in the same period a year ago. The company also achieved record quarterly deliveries of 447 MW in October-December 2024. Manufacturing capacity reached 4.5 GW with revamped Puducherry and Daman Nacelle facilities. It also logged the highest-ever order book at 5.5 GW, and C&I and PSU now constitute 80 per cent of the total order book. "One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organisations prioritise sustainability and renewable energy, we're delivering reliable, affordable solutions that power their
Renewable energy solutions provider Suzlon's consolidated net profit almost doubled to Rs 201 crore in the September quarter compared to the year-ago period. The company reported a consolidated net profit of Rs 102 crore in the quarter ended on September 30, 2023, a statement said. Total income rose to Rs 2,121.23 crore in the second quarter of 2024-25 from Rs 1,428.69 crore in the same period a year ago. Girish Tanti, Vice Chairman, Suzlon Group, said, "Our core business is now on solid foundation to capitalise on the market momentum." Himanshu Mody, Chief Financial Officer of Suzlon Group, said, "In a relatively challenging environment due to prolonged heavy monsoons, we have been able to deliver consistent growth with robust margins and 96 per cent YoY profit. We are making long-term investments by implementing a slew of strategic measures to enhance our organisational capabilities and grow the business sustainably. This strategy will also help us in driving our competitiveness