Suzlon Energy Fined ₹25 Lacs by Enforcement Directorate

Enforcement Directorate, Mumbai Zonal Office-II levied a penalty of ₹25 lacs on Suzlon Energy on 23rd March 2026.
Penalty relates to FEMA contravention involving long-term export advance and non-receipt of RBI approval for set-off against export of services invoice.
Suzlon states no material impact on financial, operational, or other activities; transaction was already reported to RBI in a timely manner.