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Suzlon Energy Block Deal: The promoters of Suzalon Energy, a large company in the Renewable Energy Sector, are preparing to sell 20 crore shares through the block deal. With this, their goal is to raise around Rs 1,300 crore. The deal is expected to be in the block deal window. In this, about 2 percent will be sold at a low price from the company’s stock market price. Please tell that the block deal means the business of large amounts of shares. It is also known as bulk deal. The company will use these money to strengthen its financial situation and accelerate many development plans.
Company results in March quarter
Talking about the results of the March quarter, the company’s sales have increased by 73.2 percent to Rs 3,773.5 crore from the same quarter of last year. Whereas for the whole year i.e. for FY 2024-25, the revenue of Suzlon Energy increased by 67 percent to Rs 10,851 crore.
At the same time, EBITDA has also increased by 99 percent to 677 crores in the previous year’s Rs 340 crore. The Ebitda margin also increased by more than 200 basis points to 17.94 percent, which was 15.62 % in the same quarter last year. The company’s net profit has increased from Rs 254 crore to Rs 1,182 crore. This profit also includes tax benefit of Rs 600 crore.
This is how production in March quarter
The company produced 573 MW in the March quarter, which was 273 MW in the same quarter last year and 447 MW in the December quarter. On Friday (June 6), Suzlon Energy Limited’s shares closed at Rs 66.74 with a gain of 0.050 or 0.075 %.
Renewable Energy Solutions Provider company Suzalon Wind Turbine Generates (WTG), provides maintenance service and implementing projects. The company has more than 111 wind farms with a capacity of 13,880 MW. The company has established more than 20 GW wind energy in 17 countries.
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(Tagstotranslate) renewable energy
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