Suzlon Energy has successfully concluded the divestment of windfarm assets and has received the sale proceeds of approximately $40 million amounting Rs 200 crore in this regard.
Earlier in April this year, the world's fifth largest wind turbine maker, had sold of a block of wind assets for approximately $40 million. The windfarms are located across India, with a majority of the assets located in the state of Tamil Nadu. The transaction was scheduled to conclude by the middle of May, 2012 after completion of due diligence and requisite approvals.
Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.
| Company Name | CMP |
|---|---|
| Havells India | 1208.45 |
| Siemens | 3444.30 |
| Apar Industries | 13441.60 |
| ABB India | 6765.45 |
| Waaree Energies | 2823.05 |
| View more.. | |
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