Suzlon Energy defaults on $172m bond payment
MUMBAI: Debt-laden Suzlon Energy said it defaulted on a $172-million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private
Suzlon Energy
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Suzlon's REpower to supply 22 wind turbines in Poland
'The Taczalin project is our biggest-ever in Poland' Suzlon group subsidiary REpower Systems has signed a contract for delivery and construction of 22 wind turbines in Poland for the country's biggest
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Suzlon Group inks pact for 131 MW wind farm project in Australia
The Mt Mercer wind farm project is based in Victoria, Australia, located approximately 30 km south of Ballarat Suzlon Group-subsidiary, REpower Systems SE, has signed a $268 million contract with Meridian Energy Limited to supply 64 MM 92 wind turbines, each with 2.05 MW of rated power, to the Mt Mercer wind farm. The Mt Mercer wind farm project is based in Victoria, Australia, located approximately 30 km south of Ballarat.
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Suzlon to Slash Jobs, Cut FY13 Cost by 20%
Company needs to repay $209-million FCCB in October amid low cash flows Burdened by mounting losses and huge debt, Suzlon Energy is gearing up to take drastic measures to reduce costs by 20% in the current
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Suzlon Group signs sale agreement with ReNew Power
Suzlon Group, the wind turbine manufacturer said it has signed an equipment sale deal with ReNew Power Ventures Pvt Ltd for wind energy projects of 300 megawatt to be developed across India. According to the deal, Suzlon will supply, supervise, operate and maintain the projects, while ReNew Power will act as a developer. Suzlon will, under the firm contract, supply 48 units of its latest S9X suite - consisting both S95 and S97 turbines to ReNew Power for a 100 Mw project in Maharashtra, for which development has already commenced.
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Suzlon inks 300-MW equipment sale deal with ReNew Power
Suzlon Group will set up 300 MW of wind projects for ReNew Power Ventures. The company said it will supply, maintain, supervise and operate the wind farms for the developer. Under the agreement, Suzlon
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Morgan Stanley to invest 1.2k cr in wind power co
Mumbai: Morgan Stanley Infrastructure Partners has struck a deal to invest Rs 1,200 crore in Continuum Wind Energy, developing 500MW assets. The private equity arm of Morgan Stanley will hold majority
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Rajasthan Cabinet to take up projects plans worth Rs 9,800 cr for approval today
JAIPUR: Ten investment proposals worth Rs 9,800 crore will be tabled for approval by the state Cabinet committee in a meeting scheduled on Wednesday. If cleared, these companies, ranging form automobiles to automatic teller machines, cements and pharmaceuticals, will open their manufacturing units in the state. The proposals include Brazilian firm Perto which plans to set up a manufacturing plant for automatic teller machines with an investment of Rs 200 crore. The unit will have a capacity of 1,000 machines per month and will come up in Mahindra Walled City.
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Tata Steel to set up R30k-cr plant in K’taka
Bangalore2-day GIM targets investment of R6L cr in key sectors like energy & infrastructure Tata Steel on Thursday announced plans to set up a R30,000 crore steel plant in Karnataka at the government-sponsored Global Investors’ Meet (GIM) 2012. The six million tonne per annum capacity plant would come up up Haveri district, Tata steel vice-chairman B Muthuraman said at the inaugural GIM function. Earlier, the Global Investors Meet (GIM) 2012, aimed at attracting investors to the state,
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India offers sops to push exports of green products
New Delhi India has offered key incentives to exporters to tap the growing demand for clean energy equipment and non-polluting electric vehicles in overseas market, which would help it overcome the rising trade deficit. The commerce ministry has identified a total of 16 green products including solar power equipment for export promotion after a mid-term review of its 2009-14 foreign trade policy. The list also includes equipment like windmills, bio-mass gassifier, waste boiler as well as electric vehicles.
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Suzlon creates country's largest wind park
Started in August 2001, the Jaisalmer based facility crossed 1,000 Mw capacity to achieve this milestone The Jaisalmer Wind Park being developed by the Suzlon Group has crossed 1,000 Mw of installed capacity and has reached 1,064 Mw (one gigawatt) on April 1. This makes the wind park, the largest of its kind in the country, Suzlon claimed in a filing with the Bombay Stock Exchange. The company initiated the development of the wind park in 2001. Suzlon said in the filing that its entire wind portfolio -- from the earliest 350 Kw model to the latest S9X - 2.1 Mw series -- has been used to create the park.