Archive · 12 Dec 2025

Suzlon Energy Penalty Reduced to Nil

Suzlon Energy Penalty Reduced to Nil

Suzlon Energy is a company that makes green energy stuff.

They had to pay a big fine of Rs 21.92 crore a few years ago.

But now, a court called the Customs Excise & Service Tax Appellate Tribunal said they don't have to pay that fine anymore.

The court said this because Suzlon Energy argued that the fine wasn't fair and that the time limit for giving the fine had passed.

The company's shares are worth Rs 52.06 now, and the company is worth Rs 71,386 crore in total.

The shares have gone down by 30% from their highest price this year, which was Rs 74.30.

Sources