Latest news with #Tanti
Business Standard
2 days ago
- Business
- Business Standard
Suzlon's Co-Founder Girish Tanti Appointed Chairman of CII Renewable Energy National Committee & Manufacturing Council
PRNewswire New Delhi [India], June 12: As India sharpens its focus on achieving a Viksit Bharat by 2047 and meeting its target of 500 GW of non-fossil fuel capacity by 2030, Mr. Girish Tanti, Co-Founder of Suzlon Group, has been appointed Chairman of the CII Renewable Energy Manufacturing Council and the CII National Committee on Renewable Energy for 2025-26. Under Mr. Tanti's leadership, CII Renewable Energy Committee & Manufacturing Council will focus on advancing a balanced and inclusive energy strategy that supports all renewable technologies. Mr. Tanti, a founding member of Suzlon, kickstarted India's renewable energy movement over 30 years ago, much before it became a global imperative. He has been deeply passionate about driving India's clean energy transition and continues to lead efforts to make the country self-reliant and sustainable. He brings decades of global experience and policy influence to the table and is currently designated as Vice Chairman of the Global Wind Energy Council (GWEC), Chairman of GWEC's Global Supply Chain Forum, Chairman of GWEC India, and Chairman of the Indian Wind Turbine Manufacturers Association (IWTMA). Speaking on his appointment, Mr. Girish Tanti said, "A Viksit Bharat--a developed India--must be built on a foundation of clean, reliable, affordable and self-sufficient energy. This is a defining moment for our energy future, and we must move from ambition to accelerated action. Renewable energy must drive our growth--not just by reducing emissions, but by creating jobs, strengthening industries, and securing our energy needs. 'Make in India' will play a key role in enabling this transformation. With India already achieving 222 GW of renewable capacity, our next challenge is to double this capacity in under six years to meet our ambitious 500 GW target. As the world watches, India must set a strong example. My focus will be on fostering robust collaboration between the government and industry to drive national goals while bolstering domestic manufacturing in renewables, including wind, solar, hydro, and bioenergy." About The Suzlon Group The Suzlon Group is a leading global renewable energy solutions provider, with approximately 21.1 GW* of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy Limited (NSE: SUZLON, BSE: 532667) and its subsidiaries. A vertically integrated organisation, Suzlon has in-house R & D centres in Germany, the Netherlands, Denmark, and India, and world-class manufacturing facilities across India. With 30 years of operational excellence and a diverse workforce of ~7,800 employees, Suzlon is India's No. 1 Renewable Energy Solutions company, managing 15.1 GW of assets and an additional ~6 GW installed outside India. Its portfolio includes the advanced 2.x MW and 3.x MW series of wind turbines.
Economic Times
5 days ago
- Business
- Economic Times
Suzlon Energy in focus after Goldman Sachs, Morgan Stanley, MFs buy 1.45% stake for Rs 1,309 crore
Top investors such as Goldman Sachs, Morgan Stanley, and a clutch of mutual funds acquired a 1.45% stake in Suzlon Energy through block deals worth Rs 1,309 crore. As per NSE data, over 19.81 crore shares changed hands at an average price of Rs 66.05 apiece. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads According to NSE block deal data, over 19.81 crore equity shares of Suzlon Energy were picked up at an average price of Rs 66.05 per share. Other major buyers included Aditya Birla Sun Life MF, Edelweiss MF, Bandhan MF, Sundaram MF, Invesco MF, ICICI Prudential Life Insurance, and Bajaj Allianz Life the other side of the trade were promoter entities, including Tanti Holdings Pvt Ltd and Vinod Tanti (Chairperson & MD of Suzlon Energy), who offloaded an equal number of shares at the same the transaction, the promoter stake in the company dropped from 13.25% to 11.8%.Suzlon, a key player in India's wind energy segment, has remained resilient despite past financial stress. The latest stake sale is seen as part of a broader effort by the Tanti family to manage debt and enhance participants noted that while the 2.9% discount to the floor price was modest, the deal size highlights strong investor interest in India's renewable energy sector. The 180-day lock-in clause tied to such block deals is expected to ensure price stability in the near Energy reported a 365% year-on-year (YoY) jump in consolidated net profit for Q4FY25 at Rs 1,182 crore, up from Rs 254 crore a year from operations rose 73% YoY to Rs 3,773 crore, compared to Rs 2,179 crore in Q4FY24. Sequentially, profit after tax surged 205% from Rs 387 crore in Q3FY25, while revenue grew 27% from Rs 2,969 crore in the previous Energy shares closed at Rs 67.1 in the previous session, up 0.6% on the BSE, while the benchmark Sensex rose 0.31%. The stock is up 28% in the past month and 380% over the past two years, with a market capitalisation of Rs 91,807 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
5 days ago
- Business
- Time of India
Suzlon Energy in focus after Goldman Sachs, Morgan Stanley, MFs buy 1.45% stake for Rs 1,309 crore
Top investors such as Goldman Sachs, Morgan Stanley, and a clutch of mutual funds acquired a 1.45% stake in Suzlon Energy through block deals worth Rs 1,309 crore. As per NSE data, over 19.81 crore shares changed hands at an average price of Rs 66.05 apiece. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads According to NSE block deal data, over 19.81 crore equity shares of Suzlon Energy were picked up at an average price of Rs 66.05 per share. Other major buyers included Aditya Birla Sun Life MF, Edelweiss MF, Bandhan MF, Sundaram MF, Invesco MF, ICICI Prudential Life Insurance, and Bajaj Allianz Life the other side of the trade were promoter entities, including Tanti Holdings Pvt Ltd and Vinod Tanti (Chairperson & MD of Suzlon Energy), who offloaded an equal number of shares at the same the transaction, the promoter stake in the company dropped from 13.25% to 11.8%.Suzlon, a key player in India's wind energy segment, has remained resilient despite past financial stress. The latest stake sale is seen as part of a broader effort by the Tanti family to manage debt and enhance participants noted that while the 2.9% discount to the floor price was modest, the deal size highlights strong investor interest in India's renewable energy sector. The 180-day lock-in clause tied to such block deals is expected to ensure price stability in the near Energy reported a 365% year-on-year (YoY) jump in consolidated net profit for Q4FY25 at Rs 1,182 crore, up from Rs 254 crore a year from operations rose 73% YoY to Rs 3,773 crore, compared to Rs 2,179 crore in Q4FY24. Sequentially, profit after tax surged 205% from Rs 387 crore in Q3FY25, while revenue grew 27% from Rs 2,969 crore in the previous Energy shares closed at Rs 67.1 in the previous session, up 0.6% on the BSE, while the benchmark Sensex rose 0.31%. The stock is up 28% in the past month and 380% over the past two years, with a market capitalisation of Rs 91,807 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India Today
6 days ago
- Business
- India Today
Stocks to watch on June 9: HDFC Bank, Infosys, Airtel, Tata Steel, MCX, BEL
Stock markets ended last week on a strong note after the Reserve Bank of India (RBI) surprised investors with a 50 basis point cut in the repo rate and a 1% reduction in the cash reserve ratio (CRR), which will be done in policy announcements by the RBI improved market sentiment and pushed indices higher. As trading begins on Monday, investors will be looking at some key companies and developments that may impact share BANKHDFC Bank is in the spotlight after the Lilavati Kirtilal Mehta Medical (LKMM) Trust made serious accusations against the bank's Managing Director and CEO, Sashidhar Jagdishan. The Trust has asked financial regulators to take action against him. In response, HDFC Bank said it will take legal steps to address the matter. This situation may affect investor confidence in the short has received relief in a large tax matter. The Director General of GST Intelligence (DGGI) has informed the company that it is closing the pre-show cause notice proceedings related to a tax demand of Rs 32,403 crore. The notice was connected to possible non-payment of Integrated GST (IGST) under the Reverse Charge Mechanism for the period between July 2017 and March 2022. This closure removes a major overhang for the company and may boost investor BANKThe Securities and Exchange Board of India (Sebi) has issued a correction to its recent interim order in an insider trading case linked to IndusInd Bank. Although details of the correction have not been shared publicly, any regulatory development related to insider trading tends to attract market ENERGYAccording to reports, the Tanti family and its trust, promoters of Suzlon Energy, are planning to sell 20 crore shares through a block deal on Monday. If this happens, it could affect the stock price, especially in the short term, as large sales by promoters are often closely tracked by the CEMENTSAdani Group-owned Ambuja Cements said in its latest annual report that it accounts for around 30% of the cement used in building homes and infrastructure across India. The company's performance will be watched closely, as this signals its growing role in the construction company Airtel has reached out to over 40 banks, the RBI, and the National Payments Corporation of India (NPCI) with a proposal to work together to fight digital fraud. The plan includes sharing data about known fraudulent financial domains. This step could improve trust in digital payments and may be seen as a proactive move by the Multi Commodity Exchange (MCX) has received approval from Sebi to launch electricity derivatives. This will allow the exchange to offer new products and may attract fresh interest from traders and investors looking to tap into energy Electronics and Bharat Electronics Ltd (BEL) have signed an agreement to explore the development of semiconductor and advanced electronics solutions. This partnership could help boost India's manufacturing efforts in high-tech electronics and improve BEL's growth STEELTata Steel has shared its plans to begin construction of its electric arc furnace (EAF)-based steel project in the UK from July 2025. Operations are expected to begin by 2027. This project is part of the company's push towards cleaner, low-carbon steel production, which could help it meet future environmental Insurance Corporation of India (LIC) has named its MD, Sat Pal Bhanoo, as the acting CEO and MD for three months, starting June 8. This decision follows the end of the term of the previous chairman and gives LIC time to finalise a permanent has started the third phase of operations at its Karnisar Solar Power Project in Bikaner. The current phase adds 53.57 megawatts to its total planned capacity of 300 megawatts. This expansion supports India's move towards more renewable COPPERHindustan Copper has signed a memorandum of understanding (MoU) with RITES, a government-owned engineering consultancy company. The partnership aims to explore areas of cooperation, though details have not been made public Reach Shipbuilders and Engineers (GRSE) has signed MoUs during a recent official visit to Sweden and Denmark. The agreements are aimed at strengthening its marine engineering division and exploring opportunities in making expedition cruise vessels. advertisement
