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Suzlon Group wins 150 MW of turbine supply deals in India
Source: IRIS | 17 Oct, 2014, 03.58PM
Rating: NAN / 5 stars.
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Suzlon Group, the world’s fifth largest  wind turbine maker, today announced that it has been awarded orders for a combined capacity of 150 MW. This combined capacity includes orders from corporate houses such as Malpani Group, Rajasthan Gum Group, KRBL, Sterling Agro Group and an assortment of SMEs( Small and Medium Enterprise).

The 150 MW order received is a significant development since it demonstrates renewed customer interest to harness wind energy post the reinstatement of Accelerated Depreciation (AD) policy by the Government of India. The projects are scheduled for execution across eight states in India with high wind potential.  

Suzlon will supply its robust multi-megawatt S97-90m WTGs and will leverage on its turnkey wind solutions expertise to oversee the project operations from start to end. The  innovative S97-  90m product portfolio is  designed to harness the optimal available wind resources and deliver higher energy, productivity, improved serviceability which in turn ensures higher ROI to customers. The projects will be located across all the 8 wind states of India (Gujarat, Madhya Pradesh, Tamil Nadu, Andhra Pradesh, Rajasthan, Karnataka and Kerala).

The repeat orders from our existing customers - Malpani Group, Rajasthan Gum Group, KRBL Group, and Sterling Agro Group  reinforces  the confidence  customers have in Suzlon’s  innovative products and service capabilities.

Speaking on the new order wins,  Tulsi Tanti, chairman- Suzlon Group, said,  “Leveraging on our leadership position within the country, we continue to have a strong focus on the Indian market as it offers a favorable renewable energy environment especially now with Government’s clear thrust on  clean energy. These orders have added  a fillip to our robust order book. We stand committed to build on our technological edge and offer new age products and best in class services. We are confident that our business will add value to the energy security needs of our country. Our mission is to make profitable and efficient wind energy accessible within the country.”

Shares of the company declined Rs 0.54, or 4.49%, to settle at Rs 11.50. The total volume of shares traded was 3,593,747 at the BSE (Friday).

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