Suzlon Q4 net at Rs359cr; to invest Rs 3,300cr

Suzlon Energy today reported a marginal drop in consolidated net profit at Rs 359 crore for the quarter ended March 2007, as against Rs 371.52 crore reported in the corresponding quarter a year ago.

According to a release issued by Suzlon to the BSE, the company's Q4 total income surged to Rs 2,962.27 crore from Rs 1,560.12 crore in Q4FY06.

Suzlon's FY07 consolidated net moved up to Rs 864.03 crore from Rs 759.50 crore in FY06. Total income increased to Rs 8,082.23 crore from Rs 3,915.49 crore. The full-year numbers are not comparable as they include the financial figures of , recent acquisition, Eve Holding.

The company plans to invest Rs 3,300 crore during the current fiscal.

"Most of the investment will be done in India, while Rs 800 crore will be invested in Belgium," Tulsi Tanti, CMD, Suzlon said.

The outlay excludes the company's proposed acquisition of Germany's RE Power.