Suzlon Group's Q1 PAT reaches Rs 3.02 billion

23 Jul 2024 CW Team

Suzlon Group announced that its profit after tax (PAT) nearly tripled to Rs 3.02 billion for the June quarter, driven by increased revenues. This marks a significant rise from the Rs 1.01 billion PAT recorded in the same period last year, according to the company's statement.

The company's revenues also saw a substantial increase, rising to Rs 20.16 billion from Rs 13.48 billion in the year-ago quarter. "Our largest-ever order book of 3.8 GW gives us great visibility for the future," stated Girish Tanti, Vice Chairman, Suzlon Group.

As of June 30, 2024, the company had a net cash position of Rs 11.97 billion. Pune-based Suzlon Group, a leading global renewable energy solutions provider, has installed 20.8 GW of wind energy capacity across 17 countries.

In the first quarter of FY25, Suzlon delivered 274 MW of wind turbine equipment, compared to 135 MW in the April-June period of 2023.

(Source:ET)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..