Wind turbine maker Suzlon is reportedly aiming to achieve 40% market share in FY17, up from 26% last year. The company is reorienting by venturing into solar power, re-powering its old sites and eying high growth markets like US and emerging markets such as China, Brazil, South Africa, Turkey and Mexico in the next five years.
The company’s consolidated net loss narrowed down to Rs 270.55 crore for the quarter ended March 31, on higher sales and lower expenses. For the entire FY16, the company posted a net profit of Rs 482.59 crore, against a net loss of Rs 9,157.69 crore in the previous financial year.
