SUZLON

Feb 12 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON WINS REPEAT ORDER FROM OYSTER RENEWABLE

Source text: ID:nNSE7M1lwc

Further company coverage: SUZL.NS

(([email protected];;))

** Shares of renewable energy company Suzlon SUZL.NS rise an exchange allowed maximum of ~5% to 52.7 rupees

** Co's Q3 profit after tax and revenue surged 91% each on solid demand for renewable energy sources due to India's energy transition goals

** Deliveries and installations in megawatts rocket 163%

** Stock has jumped 24% in last 12 months

** Shares rated 'buy' on avg by 6 analysts; median PT at 78.50 rupees- LSEG

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Jan 28 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• DEC-QUARTER CONSOL NET PROFIT 3.87 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 29.69 BILLION RUPEES

Source text: ID:nBSE9z4q12

Further company coverage: SUZL.NS

(([email protected];;))

Jan 9 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - APPEAL COMMISSIONERATE DROPS PENALTY ON CO

Source text: ID:nBSE1Jw2CN

Further company coverage: SUZL.NS

(([email protected];;))

Dec 30 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• PENALTY OF 1.73 BILLION RUPEES SETTLED IN FAVOUR OF SUZLON ENERGY

Source text: ID:nNSE5mzzgf

Further company coverage: SUZL.NS

(([email protected];;))

Dec 19 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• APPELLATE AUTHORITY REDUCES SUZLON ENERGY PENALTY TO 100,000 RUPEES

Source text: ID:nNSE9jJCgS

Further company coverage: SUZL.NS

(([email protected];;))

Dec 4 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - SUZLON AND JINDAL RENEWABLES EXPAND PARTNERSHIP

• SUZLON ENERGY - SUZLON AND JINDAL RENEWABLES EXPAND PARTNERSHIP

• SUZLON ENERGY - EXPAND PARTNERSHIP WITH ADDITIONAL 302.4 MW WIND PROJECT

Source text: [ID:]

Further company coverage: SUZL.NS

(([email protected];))

** Shares of Suzlon Energy SUZL.NS rise an exchange-allowed maximum of 5% to 65.33 rupees

** Around 34.1 mln shares traded in 31 block deals at a premium of 2.7%-5% to the previous close - LSEG data

** Total trading vol of 127.3 mln for the session so far, nearly 2x the 30-day average

** SUZL has gained ~71% YTD

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of Indian wind energy equipment maker Suzlon SUZL.NS jump 5% after Morgan Stanley upgrades to "overweight" from "equal-weight"

** Morgan Stanley says steep correction in SUZL a buying opportunity to "accumulate" as growth opportunity for wind energy equipment makers remain strong

** SUZL shares have fallen nearly 27% after hitting a 14-year high in September

** Brokerage lowered its target price to 71 rupees from 78 rupees

** Morgan Stanley sees SUZL as a beneficiary of India's energy transition as country adds more renewable energy

** Brokerage expects SUZL's market share to increase from present 25% to 35-40% in FY 2027

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Oct 10 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• CO TO SUPPLY 127 WIND TURBINE GENERATORS EACH WITH RATED CAPACITY OF 3.15 MW

Source text for Eikon: ID:nNSE9L4CLN

Further company coverage: SUZL.NS

(([email protected];;))

** Shares of Suzlon Energy SUZL.NS down an exchange- allowed maximum of 5% to 75.75 rupees, marking its biggest intraday drop since June 10

** Co received warning letter from stock exchanges NSE and BSE citing non-compliance with listing regulations following resignation of an independent director

** Renewable energy firm stock drops for sixth straight session, falling 9.6%

** Still, SUZL has nearly doubled (up 98%) in 2024, set to post gains for fifth straight year

(Reporting by Nishit Navin)

(([email protected];))

** Shares of Suzlon Energy SUZL.NS rise as much as 3.2%, last up 1.3% at 75.11 rupees

** Co signed deal to sell its office for 4.4 bln rupees ($52.4 mln) to OE Business Park

** Stock down 2.2% so far this week, on track for third straight weekly decline

** SUZL nearly doubled YTD vs 77% climb in rival Inox Wind INWN.NS

($1 = 83.9670 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

Sept 4 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY - EXECUTED CONVEYANCE DEED WITH OE BUSINESS PARK FOR SALE OF ONE EARTH PROPERTY

• SUZLON ENERGY - CONSIDERATION RECEIVED FROM SALE AT 4.4 BILLION RUPEES

Further company coverage: SUZL.NS

(([email protected];))

** Shares of Suzlon Energy SUZL.NS rise 3.5% to 68.6 rupees

** SUZL among top gainers on Nifty Midcap 100 index .NIFMDCP100, which is up 1.68%

** Renewable energy equipment maker said it approved acquisition of 76% stake in Renom Energy Services for 6.6 bln rupees (~$79 mln)

** Acquisition provides SUZL strong head start into multi-brand operations and maintenance service, with Renom being market leader with 2.5GW of contracted capacity - Morgan Stanley

** Avg rating of five analysts is a "buy"; median PT is 70 rupees - LSEG data

** Stock up 80% so far this year, compared to 22.3% rise in midcap index

($1 = 83.9150 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Aug 6 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY - APPROVED ACQUISITION OF 76% STAKE IN SHARE CAPITAL OF RENOM ENERGY SERVICES

• SUZLON ENERGY - COST OF ACQUISITION OF 51% STAKE IS 4 BILLION RUPEES

• SUZLON ENERGY - COST OF ACQUISITION OF REMAINING 25% STAKE AT 2.6 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SUZL.NS

(([email protected];))

** Shares of Suzlon Energy SUZL.NS up 4.8% to 57.73 rupees, its highest since May 2010

** The renewable energy firm's Q1 consol net profit jumped nearly three-fold y/y, while rev from ops grew ~50%

** Over 135 mln shares traded, stock eyes busiest trading session in a month

** Analysts avg rating on stock is "Buy", median PT is 58 rupees - a 5% premium on last close, per LSEG data

** Including session's gains, stock is up ~51% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 22 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY JUNE-QUARTER CONSOL NET PROFIT 3.02 BILLION RUPEES

• SUZLON ENERGY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 20.16 BILLION RUPEES

Source text for Eikon: ID:nNSE8l6h7B

Further company coverage: SUZL.NS

(([email protected];))

July 16 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• CUSTOMS OFFICE IMPOSED PENALTY ON CO

• CUSTOMS ORDER FOR TOTAL PENALTY AT 98.3 MILLION RUPEES

Source text for Eikon: ID:nNSED89VN

Further company coverage: SUZL.NS

(([email protected];))

July 15 (Reuters) - CESC Ltd CESC.NS:

• CESC - UNIT ENTERED FRAMEWORK AGREEMENT WITH SUZLON ENERGY

Further company coverage: CESC.NS

(([email protected];))

** Shares of Suzlon Energy SUZL.NS rose as much as 4% to 49.3 rupees, its highest intraday pct gain since June 3

** Shares last up 2.22%

** Renewable energy solutions provider got a 103.95 MW order from AMPIN Energy Transition

** Suzlon did not disclose order value

** Order to supply 33 wind turbines with a rated capacity of 3.15 MW each

** Avg rating of 5 analysts covering the stock is "Strong Buy;" their median PT is 54 rupees - LSEG

** SUZL up 25% YTD, set for fifth straight year of gains

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Renewable energy solutions provider Suzlon Energy SUZL.NS down 4.3% to 47.7 rupees

** Independent director Marc Desaedeleer resigns, citing issues with corporate governance standards

** Over the last 18 months, "corporate governance standards applied by the company did not meet my expectations," Desaedeleer said in resignation letter

** But adds is "pleased" with Suzlon's operational, financial performance

** Suzlon Energy did not immediately respond to a Reuters request for comment

** Trading vol hits 1.6x the 30-day avg

** Still, SUZL up 25% YTD, set for fifth straight year of gains

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Suzlon Energy SUZL.NS up 4.7% at 46 rupees, highest since March 1

** Renewable energy solutions provider gets new orders for development of 402 MW wind energy projects for Juniper Green Energy

** SUZL to supply 134 wind turbines with a rated capacity of 3 MW each

** Suzlon doesn't disclose order value

** More than 64.8 mln shares traded, 2.2x its 30-day avg

** Stock up ~20% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

May 2 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• APPROVED SCHEME OF AMALGAMATION INVOLVING MERGER BY ABSORPTION OF SUZLON GLOBAL SERVICES

• GRANTED IN-PRINCIPLE APPROVAL FOR SOME RESTRUCTURING EXERCISES

• APPROVAL FOR TRANSFER VIDE SLUMP SALE OF PROJECT BUSINESS

• APPROVAL FOR MERGER OF SUZLON ENERGY LIMITED, MAURITIUS WITH COMPANY

Source text for Eikon: ID:nNSE9DZsm3

Further company coverage: SUZL.NS

(([email protected];))

April 19 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY LTD - CUSTOMS DEPARTMENT IMPOSED REDEMPTION FINE OF 2.5 MILLION RUPEES

Source text for Eikon: ID:nNSE7TPcT6

Further company coverage: SUZL.NS

(([email protected];))

April 18 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• GUJARAT HIGH COURT GRANTED AN AD INTERIM STAY AGAINST OPERATION, IMPLEMENTATION OF PENALTY ORDERS FOR FY2015-16, FY2016-17

Further company coverage: SUZL.NS

(([email protected];))

April 4 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• GOT TAX PENALTY OF 9.9 MILLION RUPEES

Source text for Eikon: ID:nNSE6xQKgX

Further company coverage: SUZL.NS

(([email protected];))

March 28 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY - GETS TWO TAX PENALTY ORDER WORTH 875.9 MILLION RUPEES AND 1.73 BILLION RUPEES

Source text for Eikon: ID:nNSE1MNr68

Further company coverage: SUZL.NS

(([email protected];))

Feb 29 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON SECURES A 30 MW ORDER FOR 3 MW SERIES FROM EDF RENEWABLES

Source text for Eikon: ID:nNSEbT5w33

Further company coverage: SUZL.NS

(([email protected];;))

Changes headline, recasts paragraph 1, and adds chart of historic weightage data of India and China in MSCI Global Standard index

By Bharath Rajeswaran

BENGALURU, Feb 13 (Reuters) - India has narrowed the gap with China in MSCI's Global Standard index, which tracks emerging market stocks for investors, after the latest revision.

Index provider MSCI raised India's weightage in the index to an all-time high of 18.2% on Tuesday, which could lead to inflows of about $1.2 billion, analysts said.

In comparison, China's weight in the index fell to 25.4% after the February revision, from 26.6% a year ago.

The convergence of weights between Indian and Chinese stocks has intensified since August 2020, when China's weightage was five times that of India's.

MSCI's revisions will come into effect after market close on Feb. 29. Indian shares had a 17.9% weight on the index ahead of the February review.

The gain for India can be attributed to a sustained rally in equities and relative underperformance of other emerging markets, especially China, Nuvama Alternative & Quantitative Research said in a note on Tuesday.

India could surpass a 20% weight on the MSCI index by early 2024, on consistent flows from domestic institutional investors and steady foreign portfolio investor participation, Nuvama said.

MSCI added five Indian stocks to its Global Standard index and did not move any out. In contrast, the index provider removed 66 Chinese stocks while adding five.

India's state-owned lenders Punjab National Bank PNBK.NS and Union Bank of India UNBK.NS were added to the large-cap category, while Bharat Heavy Electricals BHEL.NS and NMDC NMDC.NS were included in the mid-cap category. GMR Airports Infrastructure GMRI.NS was moved to the mid-cap category from small-caps.

India could witness up to $1.2 billion of passive foreign flows after the February review, Nuvama said.

About 27 small-cap stocks were added to the MSCI Domestic index, while six were either moved to other categories or removed.

Tata Motors TAMO.NS and Macrotech Developers MACE.NS were added to the domestic index under the large-cap category while Punjab National Bank, Canara Bank CNBK.NS and Embassy Office Park REIT EMBA.NS to the mid-caps.

Bharat Heavy Electricals BHEL.NS, Persistent Systems PERS.NS, MRF MRF.NS, Suzlon Energy SUZL.NS and Cummins India CUMM.NS were moved to the mid-cap index from small-caps.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

(([email protected]; +91 9769003463;))

Jan 31 (Reuters) - Suzlon Energy Ltd SUZL.NS:

• SUZLON ENERGY DEC-QUARTER CONSOL NET PROFIT 2.03 BILLION RUPEES VERSUS PROFIT 783.6 MILLION RUPEES

• SUZLON ENERGY DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 15.53 BILLION RUPEES VERSUS 14.49 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SUZL.NS

(([email protected];))