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)

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..