Suzlon Energy is likely to sell 70-75% of its domestic manufacturing facilities, as per a media report. While, the company may monetize Pondicherry manufacturing units, it is also planning to sell stake in SE Forge. Further, the company is also planning to sell some office spaces across India and reduce manpower by 1000 in FY14.
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.