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Suzlon Energy receives order worth Rs 650 crore from OGPL

15 Jul 2011 Evaluate

Suzlon Energy, the world’s fifth largest wind turbine manufacturer has received an order from Orient Green Power Company (OGPL) for over 100 megawatts (MW) of wind power projects. The order is valued worth Rs 650 crore, comprises 48 units of Suzlon’s S95 wind turbines, part of Suzlon’s newly introduced S9X suite.

These projects are scheduled to be commissioned progressively by June 2012, with 50.4 MW of capacity coming online in Gujarat by May 2012, and the remaining 50.4 MW in Karnataka by June 2012.

Recently, Suzlon Energy’s subsidiary company -- REpower Systems AG -- and Alerion Clean Power Spa, an Italy based renewable energy company had signed a contract for a wind project in the South of Italy. REpower Systems will deliver thirteen 3.4M104 wind turbines to San Marco in Lamis, a 44 megawatt (MW) wind farm situated north east of Foggia.

Suzlon has posted a net loss of Rs 185.66 crore whereas the same was at Rs 1414.09 crore for the year ended March 31, 2010. Total income of the company is Rs 4698.06 crore for this year where as the same was at Rs 3731.82 crore for the year ago period.

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