New Delhi: Suzlon Energy Ltd. is making big changes to its structure, they’re merging one of their companies, Suzlon Global Services, with themselves. They’re also moving their project business to other companies they own, they’re shuffling around their finances by moving money from one place to another and merging another subsidiary, Suzlon Energy Ltd., Mauritius, with themselves.
This shake-up is meant to achieve a few things. They want to strengthen their finances, make their operations smoother, and simplify how they do contracts. They also want to clear up any money owed between their different parts, use their resources better, and organize their group of companies more effectively. And they hope this will help them run their Wind Turbine Generation and Operations and Maintenance (OMS) businesses more efficiently and share good practices on things like being green and staying safe.
Anand Rathi, a brokerage firm owner, says Suzlon had more money than debt for the first time since 2006 in the first nine months of 2024. They think this is because of Suzlon’s portfolio of maintenance contracts and new products.
Even though Suzlon’s shares went way up by over 200% in 2023, they’ve only gone up by a small amount 8% this year.
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