Suzlon Energy gains on bagging order of 144.9 MW from The Aditya Birla Group

12 Oct 2022 , 09:22 AM

Suzlon will install 69 units of wind turbine generators (Wind Turbines) with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at sites in Gujarat and Madhya Pradesh and is expected to be commissioned in 2023. Speaking on the development, Vinod R Tanti, chairman and managing director of Suzlon Group said, ?It is a matter of pride to announce our order with Aditya Birla Group. The confidence of our customers in us as a wind energy expert is very important to us. Suzlon has been built on a very strong foundation of over 27 years of established global track record. We are a mature and professional organization with highly empowered management and operations teams that aim to run and grow the business. I am hopeful that we will continue to enjoy the goodwill of our customers and partners and fulfil their expectations going forward.? Speaking on the order win, Girish Tanti, Executive Vice Chairman of Suzlon Group said, ?I am excited about the emerging Commercial and Industrial (C&I) consumers segment which could also help drive Indias national Renewable Energy targets. Serving this market segment will allow us to partner with the Indian Industry and Corporates in their energy transition journey while making them globally competitive and reducing their carbon footprint. The power generated from these projects will go into captive use for their manufacturing and other needs thereby helping to create a sustainable and Aatmanirbhar Bharat.? Suzlon said that its wind turbines typically ranging over 70%-80% on domestic content and are manufactured in the country through a thriving domestic value chain. The company offer wind turbines with bigger rotors and higher hub heights resulting in higher energy yield right from our inception product to the current offerings, it added. The Suzlon Group is one of the leading renewable energy solutions providers in the world with presence in 17 countries. On a consolidated basis, the company reported net profit of Rs 2,433.33 crore as against a net loss of Rs 22.44 crore in Q1 FY23 over Q1 FY22. Net sales rose 21.4% YoY to Rs 1,377.58 crore in Q1 FY23. Powered by Capital Market – Live News