Shares in Indian wind group Suzlon fell sharply on Monday after it posted a quarterly loss and withdrew its full-year operational guidance, citing a longer than expected transition period in its domestic market.
Suzlon posted a net loss of 3.21bn rupees ($47m) pre-foreign exchange effects in its first quarter ending June, reversing a profitable quarter at the start of the last fiscal year and warning that the full-year “may not see huge commissioning volumes”.
