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Suzlon bags 252 MW wind power project order from a Global Utility as part of SECI II bid

Suzlon Group has announced that it has bagged wind power project of 252 MW from a leading Global Utility. This project is won by the Utility through SECI II auction held recently.

Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services. With this order, Suzlon has secured combined orders of 502 MW across SECI – I and SECI- II auctions.

J.P. Chalasani, Group CEO, Suzlon Group said, “We are glad to partner with the leading Global Utility yet again for their SECI II bid project. We are encouraged by the trust and confidence demonstrated by them in Suzlon’s technologically advanced products. Our strategy of having initial tie-ups is clearly paying off. With the introduction of the bidding regime, the industry is poised to grow to 8-10 GW annually. With our over two decades of experience, proven technologies, comprehensive product portfolio, and end-to-end solutions along with integrated maintenance and services, Suzlon is best positioned to cater to demand growth and maintain our leadership.”

Early this year in November Suzlon Energy reported a decline of 71 per cent in its consolidated net profit at Rs 70.68 crore for the quarter ended September 2017 due to lower revenues.

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The company’s consolidated net profit stood at Rs 243.75 crore in the quarter ended September 30, 2016, Suzlon Energy Ltd said in a BSE filing.

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Total income dropped to Rs 1,214.81 crore in the quarter from Rs 2,761.28 crore a year ago.

The company’s consolidated net profit during April- September period this year was Rs 118.52 crore. The company had suffered a loss of Rs 19.65 crore in the corresponding period of the previous fiscal.

Its revenue in first half of this fiscal was down at Rs 3,915.93 crore from Rs 4,430.94 crore a year ago.