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Suzlon Energy Denies Reports of Filing for Bankruptcy

Suzlon Energy has specifically denied all reports suggesting that it has filed for bankruptcy and that it will soon be approaching the NCLT. Debt-laden renewable energy solutions provider Suzlon Energy on Monday specifically denied all reports suggesting that it has filed for bankruptcy and that it will soon be approaching the National Company Law Tribunal (NCLT). “We wish to reiterate that Suzlon’s debt […]

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Suzlon Net Loss Trims Down to Rs 337 Crore in Last Quarter

Suzlon Energy has revealed that its consolidated net loss narrowed to Rs 337 crore in the quarter, on account of lower expenses. Debt-laden Suzlon Energy has revealed in its latest financial results for the quarter ending June 30, 2019, that its consolidated net loss narrowed to Rs 336.88 crore in the quarter, on account of lower expenses. […]

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Suzlon Consolidated Net Loss For Q4 Reduces to Rs 295 Cr

Suzlon reported that its consolidated net loss for the last quarter of the year has reduced to Rs 294.64 crore, a drop of more than Rs 175 crore over the same period last year, Rs 469.85 crore. Suzlon Energy recently issued its financial results for the financial year 2018-19 and the last quarter (Q4). Suzlon […]

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Suzlon Retains Top Position Among Wind Equipment Manufacturers in India

Like in the previous year, in 2017-18 too, Suzlon became the leading original equipment manufacturer (OEM) in India. Among the wind equipment manufacturers in India, Suzlon installed the most in FY 2018-19 with 581 MW, followed by Denmark based wind energy company Vestas with 492 MW, while Siemens Gamesa installed about 261 MW, according to […]

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Suzlon Completes Sale of Two Subsidiaries to ReNew Power

Suzlon Energy has announced that it has completed the sale of two of its subsidiaries to Ostro Power, a wholly owned subsidiary of ReNew Power for Rs 29.8 crore. The two subsidiaries are the Shreyas Solarfarms limited and Aalok Solar farms Limited, which own a combined 30 MW capacity of solar power projects in Rajasthan. […]

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Suzlon Energy Completes Agreement to Sell 2 Subsidiaries to CLP Wind Farms

Suzlon Energy has announced that it has completed the sale of two its subsidiaries (i) SE Solar and (ii) Gale Solar farms to CLP Wind Farms for a total consideration of Rs 99.09 crore.  “In terms of Share Subscription / Share Purchase and Shareholders’ Agreement executed by the company (Suzlon) and CLP Wind Farms (India) Private Ltd (CLP) with SE […]

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Suzlon Wins IMC Ramakrishna Bajaj National Quality Award

Suzlon Global Services Limited (SGSL), has won the 1st Prize for Service category at the prestigious IMC Ramkrishna Bajaj National Quality Award 2018. Suzlon Global Services Limited (SGSL), a 100% subsidiary of Suzlon Energy Ltd. won the 1st Prize for Service category at the prestigious IMC Ramkrishna Bajaj National Quality Award 2018. The stringent assessment […]

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Suzlon Energy Losses Grow to Rs 40 Cr in 3rd Quarter

The company’s total income in the quarter came down to Rs 1,112.34 crore from Rs 2,220.25 crore a year ago.  Suzlon Energy, a premier wind energy solutions provider, has reported that its consolidated net loss has widened to Rs 40.07 crore in the December 2018 quarter year-on-year, mainly due to lower revenues, higher forex loss, […]

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Suzlon Bags 50.4 MW Turbine Order from Atria Power

Suzlon will install 12 units of S111-140m and 12 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower. Suzlon group has announced that it has secured 50.4 MW order from Bengaluru-based Atria Power to supply wind turbines for a project in Tamil Nadu. Suzlon will install 12 units of S111-140m […]

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