Suzlon gets nod to start manufacturing for Rajasthan project

Tags: Suzlon, Companies
Wind turbine maker Suzlon Energy has been given a go-ahead by the power generation firm CLP India to start manufacturing equipment for the latter's project in Rajasthan.

"Suzlon today announced that it has received the Notice to Proceed (NTP) from CLP India for a 100.8 MW wind power project," the company said in a statement.

The notice to proceed was given to Suzlon after CLP India received the approval from the Rajasthan government to commence work on the project.

The project, located at Tejuva in Rajasthan, will comprise 48 units of Suzlon's 2.1 MW wind turbines, the statement said.

According to sources, the total value of the order is around Rs 750 crore and the equipment will be delivered to CLP India in the next 9-12 months.

"Upon completion, this project will boost CLP India's wind power portfolio to close to 1,000 MW," the statement added.

"With large reserves of untapped (wind energy) potential that spells out a great opportunity for this sector to grow exponentially. It has been a key area of thrust for us over the past 4-5 years and we are committed to growing it over the next few years as well," Rajiv Mishra, Managing Director, CLP India, said.

"This contract is another milestone for our business in India. Through our comprehensive capabilities across wind energy value chain and end-to-end solutions, we will assist CLP India in further expanding their wind energy footprint in India," Tulsi Tanti, Chairman, Suzlon Group, said.

Shares of the company were trading at Rs 27.70, down 1.95 per cent on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture