Suzlon Energy Limited has acquired 51 per cent equity share capital in Renom Energy Services and made it a subsidiary of the company. Suzlon has spent Rs 4 billion to acquire the company from the Sanjay Ghodawat Group. This is the first tranche of the total Rs 6.6 billion that the company is planning to spend to acquire 76 per cent stake in Renom. The second tranche of Rs 2.6 billion will be used to acquire a further 25 per cent within the next 18 months.
In July 2024, Suzlon reported a profit of Rs 3.02 billion for quarter one of FY 2024-25, a 200 per cent increase from the previous year. In June 2024, Suzlon Energy secured a 103.95 MW order from AmpIn Energy Transition.
