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India

India

Suzlon picks up $191m deal and rejects Gamesa reports

INDIA: Indian mining group Vedanta has handed Suzlon a $191 million contract to supply 150MW for four projects in various regions of the country.

"No question of walking away" Suzlon CEO Tulsi Tanti
"No question of walking away" Suzlon CEO Tulsi Tanti

The deal is for Suzlon’s S82 1.5MW and S88 2.1MW models. They will be delivered to projects in Karnataka and Tamil Nadu in southern India, Rajastan in northern India and Maharastra in western India.

50MW will be delivered by March with the remainder set follow by September. Vedanta already has 125MW installed in the Gujurat and Karnataka regions.

Suzlon’s announcement of the Vedanta deal follows speculation that Gamesa is looking to acquire a controlling interest in the Indian company.

In response, Suzlon has described the reports as "speculative in nature and inaccurate".

Additionally Suzlon CEO Tulsi Tanti, whose 58% stake Gamesa was rumoured to be buying, has been quoted by Reuters in an internal memo as saying: "There is no question of the Tanti family walking away from our great company."

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