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Suzlon Bags Repeat Orders From HPCL, Nalco

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Suzlon Energy , equity shares, convertible bonds, conversion into equity

New Delhi: Wind turbine maker Suzlon Group has bagged two 50.4 megawatt (MW) orders from Hindustan Petroleum Corporation Ltd (HPCL) and state-run Nalco for installation additional wind power capacity.

Suzlon said in a BSE filing on Monday that it "has won a third order from HPCL for 50.40 MW capacity wind power project in India...The project is scheduled for completion by 2016-17".

In a separate filing, the company announced it has bagged another order from National Aluminium Company Ltd (Nalco) and the project is scheduled for completion by 2016-17.

"NALCO's cumulative Suzlon powered wind portfolio will increase to 100.80 MW post completion of this project," it said.

At 1:12 p.m., shares in Suzlon were trading 3.79 per cent lower at Rs 19.05 apiece on the BSE, whose benchmark Sensex index was down 0.46 per cent.

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