Coinpaper 2026-02-23 10:43:44

Suzlon Energy Stock Under Pressure Amid ₹9.6 Crore Custom Penalty

The stock of Suzlon Energy is under pressure with a 4.58% drop over the past five days. A recent development could further extend the losses. Customs Penalty In a disclosure to the National Stock Exchange (NSE) and BSE Limited dated February 20, Suzlon Energy said that custom administrators slapped its now-merged Suzlon Global Services Limited with a penalty of ₹9.60 crore. “This is to inform that the Principal Commissioner of Customs, Chennai has passed an order upon Suzlon Global Services Limited (since merged with Suzlon Energy Limited) levying a cumulative penalty of Rs.9.60 Crores,” the company said in its statement. The custom commissioner’s order, which the company received on February 19, said that the penalty is due to the alleged short payment of customs duty under the Integrated Goods and Services Tax, or the IGST, which covers inter-state supplies of goods and services in India. The renewable energy company said that it plans to challenge the order. “The Company shall prefer an appeal against the order with the appropriate authorities in due course of time.” Suzlon 2.0 Earlier this month, the company reported a consolidated net profit of ₹445.28 crore for the third quarter ending December 31, 2025, representing a growth of 15.1% from ₹386.92 crore reported for the same quarter of the previous fiscal year. According to Suzlon Group Vice Chairman Girish Tanti, the company has already initiated a business transformation strategy to establish itself as a full-stack clean energy solutions conglomerate. “This strategic shift broadens our scope across wind, solar, storage, and emerging clean energy technologies, enabling us to offer integrated solutions to our customers,” Tanti said. Despite the reported gains, Suzlon’s share price continues to struggle. The company’s stock already fell by 18% over the past year and nearly 23% over the past six months. It is currently trading for ₹44.15, down by 0.31% from the previous close of ₹44.46.

Enim loetud uudised

Bitcoin Cash Price Prediction 2026-2030: The...
2026-02-23
Bitmine Immersion Technologies (BMNR) Announc...
2026-02-23
Binance’s Zhao Touts US Growth Bid at Trump F...
2026-02-23
Morning Minute: Supreme Court Rules Against T...
2026-02-23
Austria’s regulator slaps new business ban on...
2026-02-23
Cardano Price Prediction 2026-2030: The Ultim...
2026-02-23
South Korea debates bank control over won sta...
2026-02-23
Strategy adds 592 BTC for $40M in 100th Bitco...
2026-02-23

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine