There is going to be a stir in the stock market, a big block deal of Rs 1300 crore is going to happen; know the details:

News Topical, Digital Desk : Suzlon Energy Block Deal: The promoters of Suzlon Energy, a major company in the renewable energy sector, are preparing to sell 20 crore shares through a block deal. Their target is to raise about Rs 1,300 crore from this. This deal is expected to happen in the block deal window. In this, the company's shares will be sold at a price about 2 percent lower than the market price. Let us tell you that block deal means trading of shares in large quantities. It is also known as bulk deal. The company will use this money to strengthen its financial position and accelerate many development plans.

Company results in March quarter

Talking about the results of the March quarter, during this period the company's sales have increased by 73.2 percent from the same quarter last year to Rs 3,773.5 crore. While for the full year i.e. FY 2024-25, the revenue of Suzlon Energy increased by 67 percent to Rs 10,851 crore.

At the same time, EBITDA has also increased by 99 percent from Rs 340 crore last year to Rs 677 crore. EBITDA margin also increased by more than 200 basis points to 17.94 percent, which was 15.62 percent in the same quarter last year. The company's net profit has increased from Rs 254 crore last year to Rs 1,182 crore. This profit also includes a tax benefit of Rs 600 crore.

This is how much production happened in the March quarter

The company generated 573 MW in the March quarter, up from 273 MW in the same quarter last year and 447 MW in the December quarter. On Friday (June 6), shares of Suzlon Energy Limited closed at Rs 66.74 with a gain of 0.050 or 0.075 per cent.

Suzlon, a renewable energy solutions provider, constructs wind turbine generators (WTG), provides maintenance services and project implementation. The company has more than 111 wind farms with a capacity of 13,880 MW. The company has installed more than 20 GW of wind energy in 17 countries.