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Hot Pursuit
24-Aug-23
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Suzlon Energy gains after order win
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Suzlon Energy rose 1.87% to Rs 22.34 after the company announced that it has received an order for the development of a 31.5 MW wind power project for Integrum Energy Infrastructure.
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Suzlon will install 15 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 and Karnataka. The project is expected to be commissioned in May 2024.
The scope of project includes supply, installation and commissioning. Additionally, it will offer post‐commissioning operation and maintenance services.
The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.
Suzlon Energy's consolidated net profit tumbled 95.85% to Rs 100.90 crore in Q1 FY24 as compared with Rs 2,433.33 crore posted in Q1 FY23. Revenue from operations declined 2.18% year on year (YoY) to Rs 1,347.52 crore in the quarter ended 30 June 2023.
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