![]() ![]() The global demand for renewable energy has increased significantly with the global wind energy sector recording a YoY growth of over 12% in CY21. Geopolitical conflicts and the need for energy security has further highlighted the need for renewables. Tulsi Tanti, Chairman and Managing Director, Suzlon Group said, “Nations across the world have recognised Renewable Energy as the most viable option to catalyse their energy transition and post COVID-19 revival plans. ![]() PAT of (-) Rs 166 crores in FY22 PAT of (-) Rs 193 crores in Q4 FY22.Profit of Rs 192 crores in Q4 FY22 EBITDA margin at – 7.86 %.Profit of Rs 828 crores in FY22 EBITDA margin at – 12.70 %.As an industry leader, we welcome these initiatives.” This increased trajectory in combination with other policies will result in a much larger Indian Wind Energy market between now and 2030. The recent order of the Ministry of Power now has a separate class for wind RPO (Renewable Purchase Obligation) with a clear increase in the wind RPO trajectory. This could be a game-changer and give tremendous boost to the sector. In July 2022, MNRE took an in principle decision to relook at the e-reverse auction of wind energy projects with a view to remove it. “Recent months have seen several positive policy initiatives by the GOI for the wind energy sector. While our order-book remains healthy, execution of orders to meet customer expectations is our priority for this FY.” #MONEYCONTROL SUZLON SERIES#We launched our larger turbines in the 3MW to 3.15MW series with a rotor diameter of 144mts with an increased generation of ~45% over the S120 in low wind sites and are working on commercializing the same. We are beginning to show growth and are well positioned to leverage the tremendous opportunity that the renewables market has to offer in coming years. The ramping up of our operations has been successfully achieved and stabilized. “At Suzlon, we continue to show significant improvement in our performance. I am extremely proud of this milestone and Suzlon’s contribution to it as the largest original equipment manufacturer across the renewable energy sector in the country.” PBT (before exceptional items) of Rs 7 crores in Q1 FY23Īshwani Kumar, Chief Executive Officer, Suzlon Group, said, “India has reached 160GW of renewable energy in June, 2022 despite two years of a global pandemic and a disrupted supply chain.EBITDA of Rs 214 crores in Q1 FY23 and EBITDA margin of 15.6%, YoY EBITDA growth of ~39%.Revenue of Rs 1,378 crores in Q1 FY23 (YoY growth of ~21%).Healthier balance sheet with strong performance indicators.Heavy Electrical Equipment firm Suzlon Energy announced Q1FY23 Result : ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |