Suzlon bags orders worth about Rs 1,200 crore

Suzlon Group has bagged contracts for wind power projects having total capacity of 150 MW, estimated to be worth about Rs 1,200 crore.

The orders have been received from various entities including Malpani Group, Rajasthan Gum Group, KRBL, Sterling Agro Group and an assortment of Small and Medium Enterprises.

"The 150 MW order received is a significant development since it demonstrates renewed customer interest to harness wind energy post the reinstatement of Accelerated Depreciation (AD) policy by the Government of India," Suzlon said in a statement today.

While the company did not disclose the total value, sources said these projects would be worth Rs 1,000-1,200 crore.

The projects were bagged in the last two months and are scheduled for execution across eight states that have high wind potential.

"These orders have added a fillip to our robust order book. We stand committed to build on our technological edge and offer new age products and best in class services," Suzlon Group Chairman Tulsi Tanti said.

There are repeat orders from existing customers including Malpani Group, Rajasthan Gum Group, KRBL Group, and Sterling Agro Group.

Among others, KRBL Ltd's order size is 23.10 MW for a project in Maharashtra while Malpani Group has placed 29.4 MW contract for a plant in Madhya Pradesh.

Suzlon Group is the world's fifth largest wind turbine maker and has installed generation capacity of over 24,700 MW.