Latest news with #AMPIN
Deccan Herald
8 hours ago
- Business
- Deccan Herald
Suzlon bags 170.1 MW wind energy order from AMPIN
New Delhi, Suzlon on Friday said it has secured its third successive order from AMPIN for a 170.1 MW wind project in Kurnool, Andhra part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW, a company statement scope of work includes full project execution, including equipment supply, installation, commissioning, and long-term operations and maintenance services. Total orders from AMPIN Energy stand at 303 Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, "Three orders from AMPIN reflect the power of shared mission. Together, we're committed to a self-reliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonisation of India's power distribution infrastructure." Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition Limited, said, "This project is a strategic step forward in AMPIN's journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to India's growing Commercial and Industrial sector.'
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Business Standard
10 hours ago
- Business
- Business Standard
Suzlon bags 170.1 MW wind energy order from AMPIN for Andhra's Kurnool
As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW Press Trust of India New Delhi Suzlon on Friday said it has secured its third successive order from AMPIN for a 170.1 MW wind project in Kurnool, Andhra Pradesh. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW, a company statement said. The scope of work includes full project execution, including equipment supply, installation, commissioning, and long-term operations and maintenance services. Total orders from AMPIN Energy stand at 303 MW. Vivek Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, "Three orders from AMPIN reflect the power of shared mission. Together, we're committed to a self-reliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonisation of India's power distribution infrastructure." Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition Limited, said, "This project is a strategic step forward in AMPIN's journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to India's growing Commercial and Industrial sector.
Mint
10 hours ago
- Business
- Mint
Suzlon Energy share price climbs 3% after securing 170.1 MW wind power project
Suzlon Energy share price in focus: Shares of Suzlon Energy, one of the leading global renewable energy solutions providers, rose nearly 3% in intraday trade on Friday, June 20, hitting a high of ₹ 64.26 apiece and ending a three-day losing streak after the company announced a new 170.1 MW project win. In an exchange filing today, the company stated that it had received its third successive order from AMPIN for a 170.1 MW wind power project to be developed in Kurnool, Andhra Pradesh. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each with a rated capacity of 3.15 MW. The scope of the project includes complete execution—from equipment supply and installation to commissioning and long-term operations and maintenance services. JP Chalasani, Chief Executive Officer of the Suzlon Group, said, 'India's decarbonization journey will be won or lost at the distribution level. DISCOMs are the critical link between renewable energy generation and everyday consumption—from industries to households. To empower them with reliable, cost-efficient clean power is not just a goal—it's a national imperative. Together, we're proving that clean energy isn't just viable—it's vital, scalable, and transformative for the power sector.' Suzlon achieved a record quarterly delivery of 573 MW in Q4 FY25, bringing total deliveries in FY25 to 1.55 GW. The company's order book reached an all-time high of 5.6 GW, with the S144 platform alone surpassing 5 GW, solidifying its position as a market leader in India. The company also added 10 new production lines for its S144–3.X MW series and completed nacelle expansions at its Daman and Pondicherry facilities. Suzlon further announced plans to continue investing in a robust local manufacturing and supply chain ecosystem to support India's wind energy goals. Despite the positive momentum, Suzlon shares have been under pressure since touching a 52-week high of ₹ 74.30 on May 30, as investors opted to book profits following the strong rally driven by robust March quarter and FY25 performance, along with steady order wins. Between May 9 and May 30, the stock surged from ₹ 52.60 to ₹ 71.50, delivering an impressive 36% gain in just 16 trading sessions. For FY25, Suzlon Energy's net profit jumped to ₹ 2,072 crore from ₹ 660 crore in FY24, driven by a ₹ 10,851 crore rise in revenue. The WTG business accounted for 78% of FY25 revenue, while the remainder came from the OMS (Operations and Maintenance Services) business. Suzlon's net cash position improved to ₹ 1,943 crore as of March 2025, up ₹ 836 crore compared to December 2024. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
11 hours ago
- Business
- Business Standard
Suzlon Energy rises on winning 170.1 MW wind project order from Ampin
Suzlon Energy added 1.26% to Rs 63.30 after the company said that it has bagged its third successive order from Ampin Energy Transition (AMPIN) for the development of a 170.1 MW wind power project in Kurnool, Andhra Pradesh. This continued collaboration reflects a shared vision to support Indias transition to a cleaner and more self-reliant energy future, driven by domestically manufactured renewable energy solutions, Suzlon Energy said in a regulatory filing. Together, Suzlon and Ampin are playing a pivotal role in making green power both accessible and affordable for Indian businesses, the company added. As part of the contract, Suzlon will supply 54 of its advanced S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each having a rated capacity of 3.15 MW. The scope of the project includes complete executionfrom equipment supply and installation to commissioning, along with long-term operations and maintenance services. JP Chalasani, chief executive officer, Suzlon Group, stated, Indias decarbonization journey will be won or lost at the distribution level. DISCOMs are the critical link between renewable energy generation and everyday consumptionfrom industries to households. To empower them with reliable, cost efficient clean power is not just a goalits a national imperative. Together, were proving that clean energy isnt just viable its vital, scalable, and transformative for the power sector. Vivek Srivastava, chief executive officer, India Business, Suzlon Group, added, Three orders from AMPIN reflect the power of shared mission. Together; were committed to a selfreliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonization of Indias power distribution infrastructure. Pinaki Bhattacharyya, founder, managing director & CEO, AMPIN Energy Transition, said, Our continued partnership with Suzlon reflects our confidence in their deep expertise in wind energy and their alignment with Indias self reliance goals through local manufacturing. This project is a strategic step forward in AMPINs journey toward a 25 GW renewable energy portfolio by 2030, reinforcing our commitment to delivering clean, dependable power to Indias growing Commercial and Industrial sector. Suzlon Energy is primarily engaged in the business of manufacturing, project execution and operation and maintenance service (OMS) of Wind Turbine Generators (WTGs) and sale of related components of various capacities. The companys consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24.
Yahoo
27-03-2025
- Business
- Yahoo
AMPIN Energy secures $50m equity investment from Siemens Financial Services
India's AMPIN Energy Transition has procured a $50m equity investment from Siemens Financial Services, the investment division of Siemens. The capital infusion will drive the AMPIN's expansion in both commercial and industrial (C&I) and utility-scale renewable energy projects while also enhancing its energy transition value chain business. Specialising in renewable energy, AMPIN Energy Transition has a total portfolio of 5GWp distributed across 22 Indian states. Siemens Financial Services Equity Finance CEO Steffen Grosse said: 'We are proud to invest in AMPIN, providing our financial expertise to support India and AMPIN's customers in their renewable energy transition. 'Equipped for significant growth, India offers amazing long-term investment opportunities as the country strives to strengthen renewable energy growth across the value chain.' This represents AMPIN's third significant investment transaction in the current financial year, raising the total equity capital to $270m for the year. This also brings the total equity capital to nearly $700m so far, facilitating a capital deployment exceeding $4bn. With the financial backing, AMPIN Energy Transition stated that it is well positioned to scale its renewable energy initiatives and also play an important role in expediting India's shift to sustainable energy. AMPIN Energy Transition founder, managing director and CEO Pinaki Bhattacharyya said: 'This equity investment from Siemens reaffirms AMPIN's unique business model powering energy transition. It is now the only energy transition company in India to attract leading investors from Europe, North America and Asia. 'In addition to capital, Siemens also brings strategic advantages, being a global leader in energy technology, making them an ideal partner for our long-term growth. This partnership will also enable us to leverage cutting-edge technology and best-in-class solutions to expand our renewable energy footprint.' Headquartered in New Delhi, AMPIN operates regional offices in Mumbai, Bangalore, and Kolkata. "AMPIN Energy secures $50m equity investment from Siemens Financial Services" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
