Suzlon Energy Surges 4% as Wind Turbine Series Gains Government Listing

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Early Trade Boost

Suzlon Energy gains 4% after its S144 wind turbine series receives government listing for commercialization

MSCI Global Standard Inclusion

Recent inclusion in MSCI Global Standard index may bring an estimated $264 million inflow, according to Nuvama Alternative & Quantitative Research

Regulatory Approval

Suzlon Energy's 3 MW - 3.15 MW wind turbine series secures Revised List of Models & Manufacturers (RRLM) Listing from the Ministry of New and Renewable Energy

Q2FY24 Financials

Suzlon reports Q2FY24 net profit of Rs 102.29 crore, up from Rs 56.47 crore in the previous fiscal. Revenue stands at Rs 1,417 crore

Net Debt-Free Status

Suzlon Energy gains 4% after its S144 wind turbine series receives government listing for commercialization

Conclusion

Suzlon Energy's government listing and MSCI inclusion signal positive momentum. With robust Q2FY24 results and a debt-free status, the company is poised for further growth in the renewable energy sector