Hot Pursuit     17-Jul-23
Suzlon Energy jumps on securing order of 100.8 MW Wind Power Project
Suzlon Energy advanced 3.33% to Rs 18.29 after the company received a new order for development of a 100.8 MW wind power project for Everrenew Energy.
Suzlon will install 48 wind turbine generators (WTGs) of their S120 2.1 MW with a hybrid lattice tubular tower at Velliyanani Phase II in Karur district and Vengaimandalam in Trichy in Tamil Nadu and the project is expected to be commissioned in March 2024.

Suzlon will supply the wind turbines (equipment supply) and supervise the execution and commissioning of the project. A size of this project can provide electricity to approximately 65 thousand households and curb around 2.58 lakh tonnes of CO2 emissions per year.

JP Chalasani, chief executive officer, Suzlon Group said, “The Power generated from this project will target the Commercial & Industrial (C&I) consumer segment, creating deeper penetration of renewable energy in India. Suzlon is committed to driving Indian industries toward their net‐zero targets and powering the domestic economy with green energy.”

Venkatesh R, chief executive officer, Everrenew Energy, said, “Our endeavours into wind energy projects are an extension of that commitment. We are delighted to partner with Suzlon, a leading renewable energy solutions provider with reliable technology and great track record in India.We are focussed on increasing adoption of renewable energy in the C&I segment and powering their energy transition journeys. We look forward to creating many landmark renewable energy projects in the future.”

The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.

The company reported consolidated net profit of Rs 279.89 crore in Q4 FY23 as against net loss of Rs 204.29 crore posted in Q4 FY22. Revenue from operations declined 30.8% year on year (YoY) to Rs 1,689.91 crore in the quarter ended 31 March 2023.

Previous News
  Suzlon Energy gains on bagging 103.95 MW order from AMPIN Energy Transition
 ( Hot Pursuit - 11-Jun-24   10:55 )
  Suzlon Energy Ltd Surges 4.99%
 ( Hot Pursuit - 20-Jun-24   09:30 )
  Suzlon Energy consolidated net profit declines 9.21% in the March 2024 quarter
 ( Results - Announcements 24-May-24   16:25 )
  Suzlon Energy gains on bagging order from Apraava Energy
 ( Hot Pursuit - 28-Dec-23   11:06 )
  Suzlon Energy to discuss results
 ( Corporate News - 27-Oct-23   17:33 )
  Suzlon Energy rises on bagging order of 47.6 MW wind power project
 ( Hot Pursuit - 11-Jul-23   10:23 )
  Suzlon Energy to announce Quarterly Result
 ( Corporate News - 20-May-24   11:01 )
  Suzlon Energy reports consolidated net loss of Rs 204.29 crore in the March 2022 quarter
 ( Results - Announcements 25-May-22   17:36 )
  Suzlon Energy slides as Q4 PAT declines to Rs 254 crore
 ( Hot Pursuit - 24-May-24   17:06 )
  Suzlon Energy Ltd Spurts 3.26%
 ( Hot Pursuit - 24-Jul-23   09:30 )
  Suzlon reaches 20GW of world-wide wind energy installations
 ( Corporate News - 05-Jun-23   15:10 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top