Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Suzlon announces $7.3 billion orders

INDIA: Suzlon has announced record 5GW of orders worth $7.3 billion for the nine months preceding December 31.

Suzlon chairman Tulsi Tanti said with the US and European markets remained challenging, a large proportion of the orders had come from India, Brazil and Canada.

The company also posted a 65% increase in revenue. It rose from INR1696.25 crore INR2,795.37 crore ($614.3 million).

Key points:

  • Group orderbook rises to record US$ 7.3 bn; increase of 35 per cent*
  • Group revenues of Rs. 4,433 cr. (US$ 968 mn)
  • EBITDA of Rs. 182 cr. (US$ 40 mn); Normalized EBITDA of Rs. 354 cr. (US$ 77 mn.)
  • EBIT of Rs. 40 cr. (US$ 9 mn); Normalized EBIT of Rs. 212 cr. (US$ 46 mn)
  • Gross margins maintained at 32 per cent
  • Net debt-to-equity ratio of 1.5x

Tanti said: "While the business environment remains challenging, particularly in the US and parts of Europe, our competitive position remains strong with a global sales and service organization – spanning 32 countries and 15 GW operating wind capacity worldwide – which is delivering in excess of 97 per cent availability."

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Only [DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs