REUTERS - Wind turbine maker Suzlon Energy has agreed to sell a 75 percent stake in its China manufacturing unit to Poly LongMa Energy (Dalian) Ltd for $28 million.
Suzlon said in a statement on Wednesday it would retain the remainder 25 percent in Suzlon Energy Tianjin Ltd and operate in a joint venture with Poly LongMa.
Suzlon, whose units include REpower Systems SE, is the world's fifth-largest wind turbine maker.
(Reporting by Devidutta Tripathy in New Delhi; Editing by Prateek Chatterjee)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
