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Suzlon bags 197.40 MW repeat order in AP

By
suzlon, Fund raising, Shareholders approval

New Delhi: Wind turbine maker Suzlon Group today said it has bagged a 197.40 MW repeat order from an Independent Power Producers (IPP) company in Andhra Pradesh.

“Suzlon Group has signed a binding term sheet and received advance payment for execution of 197.040 MW with one of the leading Independent Power Producers (IPP),” Suzlon Energy Ltd said in a BSE filing.

It further said: “Suzlon will supply, install and commission 47 wind turbines of S97-120 m hybrid tower and 47 wind turbines of S111-90 m tubular tower with rated capacity of 2.1 MW each. Project to be executed in Anantapur district, Andhra Pradesh by February 2017.”

Suzlon Energy Chief Sales Officer Ishwar Mangal said: “The repeat order reaffirms customer faith in our product portfolio, execution and service capabilities... with our strong customer base, next generation technology products, end-to-end solutions and best-in-class services, Suzlon is best equipped to capitalise on the growing opportunities in India.”

Shares of Suzlon Energy were trading at Rs. 21.60, down 0.23 per cent from the previous close on BSE.

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