Suzlon Energy, the world's fifth largest wind turbine manufacturer, reported 95.22 per cent dip in net profit to Rs 16.98 crore for the second quarter ended September 30, over the corresponding period a year ago.
The company had a net profit of Rs 355.56 crore in the second quarter on the last financial year, Suzlon said in a filing to the Bombay Stock Exchange. Total income rose to Rs 2,234.47 crore for the quarter under review, from Rs 1,594.57 crore for the same quarter last year.
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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