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Suzlon Energy to sell OMS division to subsidiary company

15 Feb 2014 Evaluate

Suzlon Energy has received an approval to carve out the Operation & Maintenance Service (OMS) division of the company by sale to one of the subsidiaries of the company for its efficient management. The board of directors at its meeting held on February 14, 2014 has approved for the same.

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.

Peers
Company Name CMP
Waaree Energies 2344.45
Apar Industries 18083.05
Havells India 1047.00
Suzlon Energy 39.22
Siemens 3733.60
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