Suzlon Group appoints Ashwani Kumar as group CEO

Suzlon reported a net loss of  ₹397.87 crore for the quarter ending 30 June against a net loss of  ₹335.11 crore for the same quarter last year.Photo: Bloomberg

Mumbai: Suzlon Vitality on Friday stated it has appointed Ashwani Kumar as its group chief government officer (CEO) based on an announcement filed on the alternate.

Ashwani Kumar, has over three a long time of expertise in tasks, enterprise improvement and finance at main Indian energy and infrastructure corporations, is an alumnus of IIM Bangalore and The Harvard Enterprise Faculty. He has led the development of over 6,000 megawatts (MW) of energy tasks from bidding to industrial operations and has experience in closing and managing giant, complicated contracts, successfully leveraging company affairs.

Suzlon Group Chairman and Managing Director Tulsi Tanti stated “Ashwani Kumar brings with him a wealthy expertise of energy and infrastructure sectors in India. Renewable power has reworked right into a mainstream supply of power providing energy plant scale options, making his expertise extremely related for us.”

On the Event, Ashwani Kumar stated “I’ve all the time adopted Suzlon’s journey with eager curiosity. I’ve nice respect for the resilience and tenacity of the corporate and its stakeholders.” He added that the enterprise fundamentals are sturdy with compelling and credible operations. “I additionally consider that the time for wind and renewable power to develop exponentially in India is now.”

Suzlon reported a web lack of 397.87 crore for the quarter ending 30 June towards a web lack of 335.11 crore for a similar quarter final yr. Internet gross sales fell 38.5% to 512.67 crore in Q1 FY21 over 833.15 crore in Q1 FY20.

Suzlon Vitality misplaced 2.11% to shut at 2.78 on Friday on the BSE, whereas the benchmark index, Sensex gained 0.64% to 39982.98 factors. From the start of the yr, the inventory gained 49% towards a lack of 3% within the benchmark index, Sensex.

Suzlon Group is among the main renewable power options supplier on the planet with a world presence throughout 18 international locations in Asia, Australia, Europe, Africa and Americas.

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