Thursday, Apr 25 2024 | Time 06:42 Hrs(IST)
image
Business EconomyPosted at: Nov 10 2022 9:05PM


Suzlon Energy posts Rs 56 crore net profit in Q2

New Delhi, Nov 10 (UNI) Renewable energy firm Suzlon Energy on Thursday posted a consolidated net profit of Rs 56.47 crore for the second quarter ending September, 2022.
The company had registered a net loss of Rs 12.40 crore in the corresponding quarter of the previous financial year.
The company's revenue from operation in July-September quarter of FY23 stood at Rs 1,430.38 crore, 6.2% higher compared to Rs 1,346.51 crore in the same quarter a year ago.
Commenting on the quarterly result, Girish Tanti, Vice Chairman, Suzlon Group, said that India has recorded an installation of 164.9 GW of renewable energy as on 30th September 2022, reflecting a healthy recovery of the sector despite the disruptions of the pandemic and the disastrous impact of the global geo-political situations on the supply chain and commodity prices.
"The environment of positive policy initiatives continues, and we believe that given the commitment and will of the Indian government, the country could very well achieve 500GW of renewable energy installations by 2030.
As industry leaders we are fully equipped to leverage the tailwinds of the sector from a position of strength as demonstrated by our successful rights issue, consistently improving performance, a strong order book and our relentless debt reduction endeavours." he further said.
Ashwani Kumar, Chief Executive Officer, Suzlon Group, termed the quarterly numbers as very satisfying considering various challenges.
"While we continue to show improvement in our performance, the highlight for us has been the order intake in recent months," he said.
UNI NK GNK
Please log in to get detailed story.
Tags: #Suzlon Energy posts Rs 56 crore net profit in Q2
More News

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..

Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

see more..

TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

see more..

REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

24 Apr 2024 | 6:38 PM

New Delhi, April 24 (UNI) State-owned non-banking finance company REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which it will provide financial assistance of Rs 1,869.265 crore as a term loan.

see more..
image