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Our Bureau

Mumbai , July 30

Wind energy major, Suzlon Energy Ltd has posted a 222-per-cent growth in net profit at Rs 193.60 crore for the first quarter (Q1) ended June 30, 2006 as compared to Rs 60.14 crore in the corresponding quarter of the previous year.

Total income for Q1 increased by 200 per cent to Rs 946.7 crore (Rs 315.62 crore) .

"The company as part of its long-term plans of having independent manufacturing units for various components of a Wind Turbine Generator (WTG) has realigned its operations and has commenced sale of tubular towers through one of its wholly-owned subsidiaries. Accordingly, the sales of WTG's for the quarter ended June 30, 2006, do not include the sale of tubular tower aggregating approximately Rs 93.45 crore, which have been sold through the wholly-owned subsidiary," the company told the Bombay Stock Exchange.

More Stories on : Non-conventional Energy | Suzlon Energy Ltd

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