Suzlon Energy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 October 2024 .Powered by Capital Market - Live

Suzlon Energy has allotted 47,28,750 equity shares under ESOP on 13 September 2024. With this allotment, the paid up equity share capital has increased to Rs.2729,04,61,642/- dividend into 1364,52,30,821 fully paid-up equity shares having a face value of Rs.2 each. Powered by Capital Market - Live

The domestic equity benchmarks traded near the flatline with some positive bias in early afternoon trade. The Nifty traded tad above the 24,850 mark after hitting the day's low of 24,753.15 in early trade. FMCG shares advanced after declining in the two consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex added 38.23 points or 0.06% to 81,244.03. The Nifty 50 index rose 1.50 points or 0.01% to 24,853.65. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.93% and the S&P BSE Small-Cap index declined 1.20%. The market breadth was weak. On the BSE, 1,383 shares rose and 2,514 shares fell. A total of 153 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.67% to 14.81. The Nifty 26 September 2024 futures were trading at 24,896, at a premium of 42.95 points as compared with the spot at 24,853.65. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 58.3 lakh contracts at the 25,000 strike price. Maximum Put OI of 93.4 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty FMCG index added 1.25% to 63,962.65. The index shed 0.41% in the two consecutive trading sessions. United Breweries (up 2.69%), United Spirits (up 2.07%), Dabur India (up 1.82%), Hindustan Unilever (up 1.66%) and Britannia Industries (up 1.22%), Marico (up 1.16%), Tata Consumer Products (up 1.07%), Godrej Consumer Products (up 1.04%), ITC (up 0.97%) and Colgate-Palmolive (India) (up 0.58%) edged higher. On the other hand, Balrampur Chini Mills (down 1.21%), Radico Khaitan (down 0.95%) and Nestle India (down 0.09%) edged lower. Stocks in Spotlight : Suzlon Energy rose 0.40%. The company announced that it has bagged India's largest wind energy order of 1166 MW from NTPC Green Energy (NGEL), the renewables arm of NTPC. The company will install a total of 370 wind turbine generators (WTGs) of S144 equipped with a hybrid lattice tubular (HLT) tower and a rated capacity of 3.15 MW each at two projects of NTPC Renewable Energy (a wholly owned subsidiary of NGEL) and one project of IndianOil NTPC Green Energy (a group company of NGEL) in the state of Gujarat. Bajaj Finserv fell 0.40%. The company's subsidiary, Bajaj Allianz General Insurance Company's gross direct premium underwritten for August 2024 was at Rs 1,736.23 crore, recording a growth of 3.48% year on year. Bajaj Allianz Life Insurance Company's total premium aggregated to Rs 952.52 crore for the month of August 2024, up 2.82% as against Rs 926.41 crore recorded in the same period a year ago.Powered by Capital Market - Live

Suzlon will install a total of 370 wind turbine generators (WTGs) of S144 equipped with a hybrid lattice tubular (HLT) tower and a rated capacity of 3.15 MW each at two projects of NTPC Renewable Energy (a wholly owned subsidiary of NGEL) and one project of IndianOil NTPC Green Energy (a group company of NGEL) in the state of Gujarat. This win takes Suzlon's largest‐ever cumulative order book close to 5 GW as of 03 September 2024. Girish Tanti, vice chairman, Suzlon Group, said: 'We are delighted to partner with NTPC Green Energy Limited, the renewables arm of India largest utility NTPC Limited, in our capacity as the nation's premier Wind Energy OEM. This project will emerge as the largest wind energy initiative by a PSU in Gujarat, cementing the state's leadership in renewable energy.' Suzlon Energy is engaged in the business of design, development, manufacturing and supply of wind turbine generators (WTGs). Suzlon Energy (SEL) is India's largest renewable energy solutions provider with presence in 17 countries across six continents. The company reported consolidated net profit of Rs 302.29 crore in Q1 FY25, steeply higher than Rs 100.90 crore posted in Q1 FY24. Revenue from operations climbed 49.60% year on year (YoY) to Rs 2,015.98 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

Suzlon Group announced bagging India'fs largest wind energy order from NTPC Green Energy (the renewables arm of India'fs largest energy conglomerate NTPC) for 1166 MW. Suzlon will install a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at two projects of NTPC Renewable Energy (a wholly owned subsidiary of NGEL) and one project of IndianOil NTPC Green Energy (A group company of NGEL) in the state of Gujarat. This win takes Suzlon'fs largest']ever cumulative order book close to 5 GW as of 03 September 2024. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning, in Gujarat as well as undertake operations and maintenance services post']commissioning.Powered by Capital Market - Live

Suzlon Energy has today completed the acquisition of 51% of the equity share capital of Renom. With the said acquisition, Renom has now become a subsidiary of the Company. Powered by Capital Market - Live

OEBPPL is a special purpose vehicle, shares of which are held by funds managed by 360 ONE alternates asset management. The total transaction is for Rs 440 crore. Out of this, Rs 411.21 crore is towards conveyance and Rs 28.79 crore is towards reimbursement of stamp duty and other registration charges. The sale is expected to be completed on 5 September 2024. On completion of the sale, the One Earth Property would be leased back to the company for a period of up to five years with sub-leasing and licensing rights. Further, the company has also entered into agreements with the holders of the securities issued by OEBPPL providing the firm with a call option to purchase and granting the holders of the securities a put option to sell the securities, stated Suzlon Energy. Suzlon Energy is engaged in the business of design, development, manufacturing and supply of wind turbine generators (WTGs). Suzlon Energy (SEL) is India's largest renewable energy solutions provider with presence in 17 countries across six continents. The company reported consolidated net profit of Rs 302.29 crore in Q1 FY25, steeply higher than Rs 100.90 crore posted in Q1 FY24. Revenue from operations climbed 49.60% year on year (YoY) to Rs 2,015.98 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

The key equity indices pared all gains and witnessed sideways movement in morning trade. The Nifty tad below 25,200 level. Media shares extended gains for second consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 27.2 points or 0.03% to 82,321.40. The Nifty 50 index added 0.45 points or 0.00% to 25,199.15. In the broader market, the S&P BSE Mid-Cap index jumped 0.24% and the S&P BSE Small-Cap index gained 0.47%. The market breadth was strong. On the BSE, 2,371 shares rose and 1186 shares fell. A total of 179 shares were unchanged. Buzzing index: The Nifty Media index rose 1.16 % to 2,090.15. The index jumped 1.25% in the two consecutive trading sessions. PVR Inox (up 1.83%), TV18 Broadcast (up 1.62%), Network 18 Media & Investments (up 1.58%), Hathway Cable & Datacom (up 0.83%) and Dish TV India (up 0.43%) were the top gainers. Among the other gainers were Saregama India (up 0.37%), Sun TV Network (up 0.36%), Zee Entertainment Enterprises (up 0.25%) advanced. Stocks in Spotlight: Suzlon Energy advanced 1.33% after the company has executed a conveyance deed with OE Business Park (OEBPPL) for the sale of its corporate office, One Earth Property for Rs 440 crore. OEBPPL is a special purpose vehicle, shares of which are held by funds managed by 360 ONE Alternates Asset Management. Upon completion of the sale, the One Earth Property will be leased back to Suzlon for five years with sub-leasing and licensing rights. Allied blenders and Distillers rose 0.91%. The company's board approves the acquisition of majority stake in target entity to be formed in collaboration with Oh Five Oh Talent liability partnership. The company will undertake manufacturing, distribution, licensing, and marketing of various types of luxury and premium spirits comprising owned and third-party brands. Meanwhile, the board appoints Anil Somani as chief financial officer and key managerial personnel effective Sept 5. Ganesha Ecosphere rallied 5.83% after the company's board approved the incorporation of joint venture with Race Eco Chain to set up washing plants.Powered by Capital Market - Live

The Board of Suzlon Energy at its meeting held on 16 August 2024 has approved modification to the scheme of amalgamation involving merger by absorption of Suzlon Global Services, a wholly owned subsidiary of the Company, with Suzlon Energy as approved by the Board on 2 May 2024, to change the Appointed Date to '15 August 2024 or such other date as may be approved by the National Company Law Tribunal, Ahmedabad Bench' from the earlier Appointed Date of 1 December 2024. Powered by Capital Market - Live