Suzlon Group

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

It is looking to raise up to Rs 1,200 crore through a rights issue of shares by the fiscal-end to pare the refinanced debt of Rs 3,000 crore, its Chief Financial Officer Himanshu Mody told PTI.

Suzlon Energy on Wednesday reported a consolidated net loss of Rs 205.52 crore in the March quarter. The consolidated net loss of the company stood at Rs 54.25 crore in the quarter ended March 2021, according to a regulatory filing. Total income in the quarter under review rose to Rs 2,478.73 crore from Rs 1,141.15 crore in the same period a year ago. The company also reported a consolidated net loss of Rs 176.55 crore for 2021-22. The same stood at Rs 103.59 crore in the year-ago period. Total income in FY22 rose to Rs 6,603.97 crore as against Rs 3,365.59 crore in 2020-21. The company said it has successfully concluded refinancing of its debt of the State Bank of India-led existing consortium of 16 lenders with REC Limited-led consortium of two lenders. Suzlon's board has approved the re-appointment of Vinod R Tanti as the Whole Time Director & Chief Operating Officer of the company with effect from October 1, 2022 for a further period of three years, or up to September 30, ...

The company on Friday reported a consolidated net loss

Suzlon Energy on Thursday said its board has approved allotment of 2.36 crore equity shares following conversion of dollar denominated bonds.

The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above

The Centre's latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company

Suzlon, India's leading wind turbine manufacturer, defaulted on payment of Rs 1,169 crore ($172 million) due to its foreign currency convertible bond (FCCBs) holders in July

Suzlon will execute the project on a turnkey basis and will also provide comprehensive operation and maintenance services

Suzlon won solar projects of 210 mw in Telangana through a competitive bidding process and the power purchase agreements in February

Suzlon has its rotor blades manufacturing facility in Bhuj and maintains sites for some of its clients

Project will help in offsetting 9,000 tonnes CO2 emissions annually

Suzlon Group has appointed leading power sector professional JP Chalasani as Group CEO. He started his career with NTPC and grew up the ranks over the years. After taking up the lead role in Reliance Power, he transformed the company to become the largest market cap entity in the private sector. Chalasani also led the work to transition BSES from being a power distribution company to a leading infrastructure business company.Suzlon Group chairman Tulsi Tanti said,'' Chalasani is known to focus on improving operations, enhancing and simplifying processes, and leveraging both HR and Finance to position companies for strong and sustainable growth to create value for stakeholders". Chalasani said, "I have always watched Suzlon closely. I believe the business fundamentals to be strong and that the company, at its core, is a compelling and credible business operation. '' The Suzlon Group is renewable energy solutions provider with an international presence across 19 countries in Asia, ...

Located in the districts of Jaisalmer & Jodhpur, Rajasthan, the project is scheduled for completion by March, 2017.

As part of the order, Suzlon will install 29 units of S97-120m wind turbine generators