Suzlon Group

Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. "Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka," the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer. Under the strategic agreement, Suzlon will supply 96 wind turbine generators (WTGs) of S144 series with hybrid lattice (HLT) towers, each rated at a 3.15 MW capacity. The power generated will be used at steel plants in Chhattisgarh and Odisha, Suzlon said without disclosing the exact value of the multi-crore order. Suzlon Group Vice-Chairman Girish Tanti said, ..

The uptick in Suzlon's share price followed the news that the company and Jindal Renewables have expanded their partnership with an additional 302.4 MW wind project

Chalasani speaks about the prospects of the Indian wind energy sector, opportunities in defence and railways, and Suzlon's strategies to maintain its leadership

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

The 1,166 MW energy project will serve three million households upon completion

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

Renom currently manages 1,782 megawatts (MW) in wind, 148 MW in solar, and 572 MW in balance of plant energy (BOP) under maintenance

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.

Renewable energy solutions provider Suzlon Group on Tuesday said it has secured a 103.95 MW wind project from AMPIN Energy Transition. As part of the agreement, Suzlon will supply wind turbines and execute the project, including erection and commissioning, at Fatehgarh district of Rajasthan, a company statement said. Suzlon will install 33 wind turbine generators with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. It will also undertake comprehensive operations and maintenance services post-commissioning. The project is part of the hybrid project under various bids from SECI and C&I (Commercial & Industrial) customers. A project of this size can provide electricity to 85,000 households and curb 3.38 lakh tonne of CO2 emissions per year. Vivek Srivastava, CEO, India Business, Suzlon Group, said: "Suzlon and AMPIN Energy Transition are committed to the expansion of renewable energy in India. Going forward, we will see the industry add on increasing ...

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 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 ...

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.

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 Energy Ltd on Tuesday announced the appointment of Sairam Prasad as the CEO of its wholly-owned subsidiary Suzlon Global Services Limited (SGSL). His appointment is with effect from January 16, the company said in a regulatory filing. "Sairam Prasad has been appointed as the Chief Executive Officer of SGSL, a wholly-owned subsidiary of the company...and has been designated as one of the SMPs (senior managerial personnel) of the company," it said. The company further said Ishwar Chand Mangal, the existing Chief Executive Officer of SGSL and one of the SMPs of the company, will now act as CEO New Business reporting to the group chief executive officer. He has also been appointed as the non-executive director of SGSL with effect from February 1, 2024. Pune-based Suzlon Group is one of the leading renewable energy solutions providers in the world, with more than 20 GW of wind energy capacity installed across 17 countries.

Envision Energy on Monday said it will supply around 100 turbines of 3.3 MW for a 300-MW offshore wind project coming up in Karnataka. The project will be set up by investment fund Copenhagen Infrastructure Partners (CIP) for Viviid Renewables (Viviid) in the southern state under a partnership, Envision Energy said. "CIP has signed a turbine supply agreement for the EN 156 3.3 MW turbines with Envision Wind Power Technologies India. Viviid will provide balance-of-plant works and services and hold minority ownership in the project," it said. In the statement, Envision Energy did not disclose any financial information with respect to the project. Envision will supply turbines in the range of 95-100 for the project expected to be completed by end of 2025. "We look forward to continuing the successful collaboration and realizing these projects which contribute to local growth and job creation while delivering attractive returns for our fund investors," Peter Sjntoft, Associate Partner

Till 02:58 PM, a combined 86.57 million equity shares had changed hands, and there were pending buy orders for a combined 23.56 million shares on the NSE and BSE

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 .

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

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 .

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 .