Latest news with #JPChalasani
Business Standard
30-05-2025
- Business
- Business Standard
Suzlon Energy soars after Q4 PAT zooms 365% YoY to Rs 1,182 cr
Suzlon Energy surged 11.31% to Rs 72.82 after the company's consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) soared 118% Yo Y to Rs 551.24 crore in Q4 FY25. EBITDA stood at Rs 693 crore, registering the growth of 94.12%, compared with Rs 357 crore posted in corresponding quarter last year. EBITDA margin expanded to 18.4% in Q4 FY25 as against 16.4% in Q4 FY24. Net volumes soared 109.89% to 573 MW in Q4 FY25, compared with 273 MW in Q4 FY24. On full year basis, the companys consolidated net profit soared 213.7% to Rs 2,071.63 crore on 67% jump in revenue from operations to Rs 10,851.32 crore in FY25 over FY24. Girish Tanti, vice chairman, Suzlon Group, said, "FY25s performance sets the stage for Suzlons next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus. India has also crossed a significant milestone by surpassing 50 GW of installed wind power capacity a journey in which Suzlon has played a leading role. As we advance towards the 100 GW target by 2030, India will most certainly shape the global narrative on clean energy leadership and climate action. JP Chalasani, chief executive officer, Suzlon Group, said, "This year, we completed Suzlons ramp-up phase, which is clearly reflected in the sharp increase in our deliveries. With our highest-ever firm order book of 5.6 GW, we have long-term visibility and the capacity to scale and support future growth. These efforts have built a solid foundation to meet Indias rising need for clean, reliable, and locally made wind energy. Our continued focus on safety, quality, ESG, and customer satisfaction will guide us, as we step into the next phase of Indias energy journey." Himanshu Mody, chief financial officer, Suzlon Group, said, This is one of the best years for Suzlon, marked by consistent growth across revenues, profitability, and EBITDA, along with a strong net cash position. These results reflect the strength of our operating model and financial prudence. We are committed to funding our growth ambitions while maintaining strict financial discipline, optimising capital allocation, and strengthening our balance sheet for long-term sustainability. Suzlon Energy is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and sale of related components of various capacities.
Yahoo
24-04-2025
- Business
- Yahoo
Suzlon secures 378MW wind project with NTPC Green Energy in India
Wind turbine manufacturer Suzlon has secured a new 378MW wind energy project from Indian clean energy company NTPC Green Energy (NGEL). The project expands Suzlon's partnership with NTPC to a total of 1.54GW and marks the second major order from NGEL within eight months. The wind energy project will be executed in Karnataka's Gadag region in India. Suzlon Group CEO JP Chalasani said: "Securing major and high-quality projects in the PSU [public sector undertaking] sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. 'It shows our ability to deliver reliable solutions while supporting India's clean energy goals. This partnership strengthens our role as a trusted partner in India's renewable energy journey." The contract entails Suzlon supplying 120 of its S144 wind turbine generators, each with a capacity of 3.15MW and featuring hybrid lattice towers. Suzlon's responsibilities also include the foundation, erection and commissioning of the project. Moreover, the company will provide ongoing maintenance and services. Suzlon Group vice-chairman Girish Tantisaid: "We are honoured to be a strategic partner in NTPC's ambitious vision to accelerate India's clean energy transition. 'As NGEL aims to expand its renewable energy portfolio to 60GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India's largest PSU's renewable journey by providing high-quality, affordable power. 'From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing India's leadership in the global clean energy movement continues." In December 2024, Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, expanded their partnership with a 302.4MW wind power project in Karnataka's Koppal region in India. "Suzlon secures 378MW wind project with NTPC Green Energy in India" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
23-04-2025
- Business
- Time of India
NTPC Green Energy awards 1,544 MW wind projects to Suzlon
Mumbai: Suzlon , a renewable energy company, on Wednesday said it has consolidated its largest partnership with NTPC Green Energy (NGEL) to 1,544 MW, with a recent award win of 378 MW wind energy project. 'We are honored to be a strategic partner in NTPC's ambitious vision to accelerate India's clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India's largest PSU's renewable journey by providing high-quality, affordable power,' said Girish Tanti, vice-chairman, Suzlon Group. The Suzlon Group is a global renewable energy solutions provider, with about 20.9 GW of wind energy capacity installed across 17 countries. 'Securing major and high-quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting India's clean energy goals. This partnership strengthens our role as a trusted partner in India's renewable energy journey,' said JP Chalasani, chief executive officer, Suzlon Group. The Pune-based company has 15 GW of assets and an additional 6 GW installed capacity outside India.
Business Standard
23-04-2025
- Business
- Business Standard
Suzlon Energy bags 378 MW wind energy project from NTPC Green Energy
Suzlon Energy has announced that it has secured a 378 MW wind energy project from NTPC Green Energy, bringing its total awarded capacity from NTPC Green Energy to 1,544 MW. According to an exchange filing, the company said, this win strengthens our undisputed market leadership and commitment to sustainable, large-scale growth. Under the terms of the contract, Suzlon will supply 120 S144 Wind Turbine Generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW. Suzlon will also handle the foundation, erection, and commissioning of the project, in addition to providing ongoing maintenance and services. Girish Tanti, vice chairman of the Suzlon Group, said, "We are honored to be a strategic partner in NTPC's ambitious vision to accelerate Indias clean energy transition. As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering Indias largest PSU's renewable journey by providing high-quality, affordable power. From our first project in Gujarat to expanding into Karnataka, our shared commitment to advancing Indias leadership in the global clean energy movement continues." JP Chalasani, chief executive officer of Suzlon Group, said, Securing major and high-quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting Indias clean energy goals. This partnership strengthens our role as a trusted partner in Indias renewable energy journey. Suzlon Energy is engaged in the business of design, development, manufacturing, and supply of wind turbine generators (WTGs). NTPC Green Energy (NGEL), promoted by Maharatna central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity. shares of NTPC Green Energy (NGEL) shed 0.42% to Rs 107.45
Business Upturn
23-04-2025
- Business
- Business Upturn
Suzlon wins 378 MW wind project from NTPC Green Energy; total order book with NGEL reaches 1,544 MW
By News Desk Published on April 23, 2025, 09:52 IST Suzlon Energy Ltd on April 23 announced a significant order win from NTPC Green Energy Ltd (NGEL) for a 378 MW wind energy project, reinforcing its position as a leading player in India's renewable energy space. With this latest project, Suzlon's total order book with NGEL now stands at 1,544 MW. As part of the contract, Suzlon will supply 120 units of its S144 Wind Turbine Generators (WTGs), each with a rated capacity of 3.15 MW, equipped with Hybrid Lattice Towers (HLT). The project will be executed in the Gadag region of Karnataka. Suzlon will also undertake the foundation, erection, commissioning, and ongoing maintenance for the wind farm. This marks the second major order from NGEL in under eight months, reflecting the strong and growing partnership between the two companies. NGEL, a subsidiary of NTPC, has set an ambitious target to expand its renewable energy portfolio to 60 GW by 2032. Commenting on the development, Girish Tanti, Vice Chairman of the Suzlon Group, said, 'We are honored to be a strategic partner in NTPC's clean energy mission. This collaboration reflects the critical role wind energy plays in accelerating India's transition to a sustainable energy future.' JP Chalasani, CEO of Suzlon Group, added, 'Winning large-scale projects in the PSU sector validates our reliable technology and commitment to delivering high-quality renewable energy solutions. This partnership reaffirms our leadership in India's green energy landscape.' With this order, Suzlon continues to solidify its presence in the domestic wind power segment. The company currently manages approximately 15 GW of assets in India and has a global presence across 17 countries with a total installed capacity of 20.9 GW. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult a certified financial advisor before making any investment decisions. News desk at
