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Dilip Shanghvi, promoters to make open offer to buy 26% Suzlon stake

Dilip Shanghvi, promoters to make open offer to buy 26% Suzlon stake

The offer, that would begin on December 28 and close on January 8, 2016, comes after Shanghvi decided to acquire 23 percent stake in Suzlon with an equity investment of Rs 1,800 crore. The deal was announced earlier this year.

Suzlon shares jump nearly 12% buoyed by Q1 profit

Shares of wind turbine maker Suzlon Energy settled the day with nearly 12 percent gains, adding Rs 1,230.98 crore to its market valuation, as the company posted consolidated net profit of Rs 1,047.41 crore for the quarter ended June 30.

Suzlon wins ReNew Power's Andhra turnkey project

Wind turbine manufacturer Suzlon on Thursday said it has bagged a 90.30 MW turnkey project from ReNew Power.

Suzlon gets new turnkey project job from ReNew Power

Wind turbine maker Suzlon Group on Wednesday said that it has got a new order for 90 megawatt (MW) turnkey project from its existing customer, ReNew Power.

Suzlon to allot 16.9 crore shares to bond holders

Wind turbine maker Suzlon Energy today said it will allot over 16.88 crore shares to bondholders upon conversion of some bonds that are due in July 2019.

Suzlon: Auditors concerned over company's financial health

The auditors of wind turbine maker Suzlon have expressed concern over the company's financial health as faces liquidity issues and is yet to make payments to its lenders and vendors.

Suzlon shares soar nearly 19%

The stock zoomed 18.27 per cent to Rs 22.65 at the BSE.

Sun Edison, First Solar commit to build 20,000 MW green power

US firms Sun Edison and First Solar have committed to set up over 20,000 MW of renewable power capacity in India in the next five years.

Suzlon's Q3 net loss widens to Rs 6,538.68 crore

Debt-laden wind turbine maker Suzlon today reported a widening of consolidated net loss at Rs 6,538.68 crore for the third quarter ended December 2014 on the back of sale of its overseas subsidiary Senvion.

Suzlon shares continue to fall; down 7% on revenue worries

Extending yesterday's sharp losses, shares of Suzlon Energy slumped nearly 7 percent Friday after the company announced the sale of its German subsidiary for 1 billion euros (USD 1.2 billion) to pare its mounting debt.

Suzlon Energy to sell German unit for $1.16 billion

Wind turbine maker Suzlon Energy Ltd said it had agreed to sell its German unit Senvion SE to Centerbridge Partners LP for 1 billion euros ($1.16 billion) in an all-cash deal that will help the group reduce its debt.

Suzlon plans Rs 24K cr investment in Gujarat, to halve rupee debt

Debt-laden wind turbine maker Suzlon today announced its plans to invest Rs 24,000 crore over the next 5 years on energy projects to generate 3,000 mw in Gujarat and said the company's rupee debt will be halved at Rs 4,000 crore by the end of the current fiscal.

Suzlon shares up 9% as subsidiary bags contracts

Shares of Suzlon Energy rose by nearly 9 percent Monday after group firm Senvion SE bagged orders worth over Rs 420 crore for setting up wind power projects having nearly 64 MW capacity in the UK.

Suzlon bags orders worth about Rs 1,200 crore

Suzlon Group has bagged contracts for wind power projects having total capacity of 150 MW, estimated to be worth about Rs 1,200 crore.

Accelerated depreciation move to create 20,000 jobs/year: Suzlon

Hailing the government's move to restore accelerated depreciation in the wind energy space, turbine maker Suzlon Energy said the step will help in creating 20,000 jobs annually in the sector.

Suzlon to rebalance capital structure by March

Wind turbine maker Suzlon Energy plans to partially replace high cost rupee debt worth about Rs 9,000 crore with less expensive foreign funds in the current fiscal to rebalance its capital structure.

Suzlon board approves Rs 5,000 cr fund raising proposal

Suzlon Energy's board has approved a proposal to raise up to Rs 5,000 crore through the issue of securities.

Suzlon plans to set up manufacturing plant in Brazil

The plant, expected to be open in 18 months, will have initial capacity of 400 megawatts a year.

Suzlon bondholders approve FCCB restructuring proposal

Wind turbine maker Suzlon Energy Thursday said its bondholders have approved the proposed restructuring of existing bonds including the terms and conditions of the new FCCBs.

Suzlon gets nod to start manufacturing for Rajasthan project

The project, located at Tejuva in Rajasthan, will comprise 48 units of Suzlon's 2.1 MW wind turbines.