Date:31/01/2006 URL: http://www.thehindubusinessline.com/2006/01/31/stories/2006013100791800.htm

Back Suzlon Energy net up 334 pc

Our Bureau

Mumbai , Jan. 30

SUZLON Energy Ltd's net profit rose 334 per cent to Rs 161.94 crore for the quarter ended December 31, 2005, from Rs 37.28 crore a year back. Sales increased 207 per cent to Rs 871.04 (Rs 283.97 crore).

The board has declared an interim dividend of Rs 2.50 per equity share, having a face value of Rs 10 each for the financial year 2005-06 aggregating Rs 71.88 crore. Mr Tulsi Tanti, Chairman and Managing Director, Suzlon Energy, said high growth was due to 40 per cent growth in the domestic wind energy market and 20 per cent growth in the global market. Also, steel prices remaining steady worked in the company's favour, he said. Suzlon Energy has signed a supply agreement with Edison Mission Group, a subsidiary of Edison International, US, for supply of 157.50 megawatts of wind turbines for delivery in the US in 2006 and early 2007.