Wind giant Suzlon suffers 'disappointing' financial first-half

Indian wind turbine giant Suzlon admits it had a “disappointing” first half to its financial year but insists its “key metrics point in the right direction".

Revenues were 104.49bn rupees ($1.92bn), 11% up on the same stage last year.

But Suzlon – which is battling to sort out its debt situation – made a loss of 16.63bn rupees in the half year ending September, compared to a 1.28bn rupees profit at the same stage 12 months ago.

Suzlon’s order book stands at about 5.4GW, with new orders of 1.07GW signed during its second quarter.

Chairman Tulsi Tanti says: “The first half of 2012/13 has been disappointing for the Suzlon Group.

“Our performance was affected by macro-economic headwinds and policy uncertainties in Log in to read complete article.

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