I / Mumbai/New Delhi May 15, 2006
| Suzlon Energy today reported a 108% increase in consolidated net profit at Rs 759.50 crore for the year ended March 31, 2006 when compared with Rs 365.33 crore in FY05. According to a release issued by the company to the BSE today, total income increased to Rs 3,896.67 crore from Rs 1,965.91 crore in FY05. The board has recommended a final dividend @ 25% i.e. Re 2.50 per equity share of Rs 10 each, the release added. PTI adds from New Delhi: Suzlon is planning to raise Rs 5,000 crore to repay debt incurred for the takeover of Belgium-based Hansen Transmission and capacity expansion of domestic manufacturing facilities. Tulsi R Tanti, chairman of Suzlon, said: "We will raise Rs 5,000 crore from the domestic and global markets. Of this, $500 million (Rs 2,250 crore) would be through foreign currency convertible bonds." |
