"Balanced expert perspective available fromour huge archive dating back to 1985"
India's Suzlon reports accelerated growth
1 March 2006
India's Suzlon Energy reports accelerated growth for the three months to the end of December, with total revenues at $197.76 million, up 207% on the same quarter a year earlier, and profit after tax up 334% to $36.77 million. Exports accounted for 7% of sales (around $13.8 million) for the quarter, a proportion set to grow dramatically. Orders stood at $960.81 million at the end of the quarter, with the bulk, just under $600 million, from overseas customers. As well as its home market and the US, where Suzlon has projects in Texas and Minnesota near completion and orders for a further 157 MW in hand, the company is now active in China, South Korea and Australia (page 20). Its global manufacturing expansion is also progressing, with its planned facility in China now licensed by the Chinese authorities and work on its American rotor blade plant in Pipestone, Minnesota moving forward. Once fully operational in 2007, Suzlon's manufacturing capacity will be 2660 MW a year.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.