Financially strong wind OEMs a positive for the sector

19 February 2024 | BRIDGE TO INDIA

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Financially strong wind OEMs a positive for the sector

/ by BRIDGE TO INDIA

Suzlon and Inox Wind, the two biggest Indian wind turbine manufacturers, have announced much improved financial results for Q4 2023. Suzlon reported revenues of INR 43 billion in 9M FY 2024 largely in line with the previous year but EBITDA was up to INR 6.8 billion from INR 6.1 billion, while PAT witnessed 43x growth YOY to INR 4.3 billion…

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