+
Suzlon Group's Q1 PAT reaches Rs 3.02 billion
POWER & RENEWABLE ENERGY

Suzlon Group's Q1 PAT reaches Rs 3.02 billion

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)

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)

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?