Suzlon consolidated net loss widens Rs1,154.5 crore in Q3
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period
Suzlon Energy, one of the largest wind turbine suppliers, reported a consolidated net loss of Rs1,154.5 crore in the third quarter of FY13, a four-fold increase compared to a loss of Rs286.5 crore in a year ago period due to lower total income.
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period.
The wind turbine maker posted a consolidated forex loss at Rs47 crore during the quarter as against loss of Rs34.3 crore in the corresponding quarter of last fiscal.
Outstanding order book of the company stood at Rs41,546 crore (approximately 5.7 GW) as on 13 February 2013. The order intake for the October-December quarter stood at Rs8,097 crore (1,104 MW).
The Suzlon group secured firm order wins of approximately 2,631 MW year-to-date FY13 despite a very challenging operational environment.
Meanwhile, the company has decided to close its rotor blade and control panel manufacturing units at the Puducherry (Pondicherry) manufacturing facility.
“The decision follows on account of the challenges faced in industrial relations at the manufacturing facility coupled with logistical issues faced by the facility in handling multi-MW wind turbine components of increasing size and the current financial position of the company,” Suzlon said.
More in Moneylife
Is the Modi govt helping Ponzi, MLMs become legal? +11876 views
TODAY'S TOP STORIES
Insurance problems: How to get justice from Ombudsman in a cost-effective way
- Is the Modi govt helping Ponzi, MLMs become legal?
- The ‘Made in India’ Problem
- Why are ex-servicemen disillusioned with successive govts?
- From Flipkart to Flopkart in one BigBillionDay
- Modi’s target to put India in the top 50 in ‘Ease-Of-Doing-Business’ a pipedream?
- Aadhaar: Is the Modi govt moving against the Supreme Court order?
What's your say?
What you said
Thanks for casting your votes! View Previous Polls