Suzlon bags contracts for wind power projects worth Rs 1,200 cr

Suzlon Group has bagged contracts for wind power projects having total capacity of 150 MW, estimated to be worth about Rs 1,200 crore.

hidden October 17, 2014 17:31:31 IST
Suzlon bags contracts for wind power projects worth Rs 1,200 cr

New Delhi: Suzlon Group has bagged contracts for wind power projects having total capacity of 150 MW,estimated to be worth about Rs 1,200 crore.

The orders have been received from various entitiesincluding Malpani Group, Rajasthan Gum Group, KRBL, SterlingAgro Group and an assortment of Small and Medium Enterprises.

Suzlon bags contracts for wind power projects worth Rs 1200 cr

Representational image. Reuters

"The 150 MW order received is a significant developmentsince it demonstrates renewed customer interest to harnesswind energy post the reinstatement of Accelerated Depreciation(AD) policy by the Government of India," Suzlon said in astatement today.

While the company did not disclose the total value,sources said these projects would be worth Rs 1,000-1,200crore.

The projects were bagged in the last two months and arescheduled for execution across eight states that have highwind potential.

"These orders have added a fillip to our robust orderbook. We stand committed to build on our technological edgeand offer new age products and best in class services,"Suzlon Group Chairman Tulsi Tanti said.

There are repeat orders from existing customers includingMalpani Group, Rajasthan Gum Group, KRBL Group, and SterlingAgro Group.

Among others, KRBL Ltd's order size is 23.10 MW for aproject in Maharashtra while Malpani Group has placed 29.4 MWcontract for a plant in Madhya Pradesh.

Suzlon Group is the world's fifth largest wind turbinemaker and has installed generation capacity of over 24,700 MW.

PTI

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