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Suzlon’s subsidiary bags wind sector orders worth Rs 200 crore

03 Oct 2011 Evaluate

Suzlon Energy’s 100 percent subsidiary - SEFORGE, has bagged major new orders from the wind sector totaling over Rs 200 crore. The company has bagged two major third-party orders - the first is of Rs 120 crore from one of the top three independent wind turbine tower manufacturers for tower flanges, and the second of Rs 80 crore from one of the world's top five wind energy players for castings.

The company is witnessing strong growth momentum not only in wind, but also in non-wind sectors like oil and gas, and particularly in markets such as North America. The company with its cutting edge technology, comprehensive product portfolio and highly competitive offerings, is well positioned to take advantage of the opportunities in the evolving market place.

SEFORGE is engaged in manufacturing of large size castings and large diameter forged and machined rings. It operates two business divisions - Forging, and Foundry. Its state of the art forging facilities in Vadodara, Gujarat, can produce seamless rings of a maximum diameter of 52 meters with an annual capacity of about 42,000 rings. Its foundry division, based in Coimbatore, Tamil Nadu, is equipped to produce large size castings, with an annual capacity of 120,000 MT.

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.

Suzlon Energy Share Price

53.18 0.09 (0.17%)
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