Suzlon Energy Ltd.

BSE: 532667 | NSE: SUZLON
Mid Cap | Electric Equipment
48.82
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Suzlon wins orders worth Rs 200 cr

Date: 04-10-2011

Wind power major Suzlon Energy has bagged two orders worth over Rs 200 crore from third-party operators. Suzlon's 100% subsidiary Seforge, engaged in manufacturing of large size castings and large diameter forged and machined rings, has received two-third party orders worth Rs 120 crore from an independent wind turbine tower manufacturer for tower flanges, and Rs 80 crore for castings. The country is witnessing a 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. Looking ahead, the company expects the oil and gas sector to contribute around 20% of its forging division's revenues in FY13.