Suzlon Energy (Tianjin) Limited (SETL), the Chinese subsidiary of the Pune based wind energy equipment manufacturer Suzlon Energy Limited, has secured orders totaling nearly 200 Mw of capacity for wind farm projects in China, worth over Rs1000 crore.
The first order from Ao Lu Jia New Energy Development, a Sino-Norwegian joint venture and partially owned by Norway’s NBT AS, is to deliver 148.5 Mw of wind turbine capacity through 99 units of 1.5 Mw turbines for use in three wind farms. NBT AS plans to develop 588 Mw of capacity by the end of 2010 in Jilin, Heilongjiang, and Inner Mongolia provinces.
Deliveries for the first wind farm are scheduled for shipment during the second quarter of 2008-09, said a Suzlon press release.
Another order from Beifang Longyuan (North Union), part of China’s North Union Group which develops power projects in Inner Mongolia, is to supply 50 Mw of wind turbine capacity through 40 units of 1.25 Mw turbine capacity.
China is an extremely important market for Suzlon. With our integrated manufacturing facility in Tianjin, Suzlon is poised to be a key player in this rapidly growing market," said Paulo Fernando Soares, chief executive officer of SETL.
China the second largest wind energy market with nearly 17 per cent of the global market, behind the United States. China’s wind energy market grew at a rate of 127 per cent in 2006-07 and with a three-year-average of 97 per cent. It added 3,287 Mw in wind capacity in 2007, a major increase over 2006 installations of 1,334 Mw, taking the cumulative installed capacity for the market to 5,875 Mw, said the release.
The Chinese wind energy market is expected to install another 36,500 Mw projected between 2008 and 2012.
Suzlon is ranked as the world’s fifth leading wind turbine manufacturer with over 10.5 per cent of global market share in 2007. It has a combined manufacturing base of 2,700 mw of annual capacity, and is undertaking an expansion program to expand its base to 5,700 Mw of capacity in 2008-09.
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Friday, April 18, 2008
Suzlon gets Rs 1000 crore order
Tuesday, January 29, 2008
Suzlon consolidated Q3 net at Rs 152cr
Suzlon Energy today reported a consolidated net profit of Rs 151.69 crore for the third quarter ended December 2007. Net profit for the quarter ended December 2006 stood at Rs 174.39 crore.
According to a release issued by Suzlon to the BSE today, the group's total income rose 67.2% to Rs 3,242.29 crore for Q3FY08 from Rs 1,939.29 crore in the quarter ended December 2006.
On a standalone basis, Suzlon's Q3FY08 net zoomed almost 92% to Rs 338.18 crore as against Rs 176.23 crore in Q3FY07. Total income increased 49.5% to Rs 1,683.16 crore from Rs 1,126.07 crore.
Amsterdam to power Suzlon growth
Company shifts several key executives to management centre in the Netherlands.
Suzlon Energy, India’s largest wind turbine maker, is in the process of relocating key management executives to the company’s Group Management Centre in Amsterdam, the Netherlands.
The company, now among the top-five wind turbine manufacturers in the world, may also seek to list on leading international stock exchanges in a couple of years.
“While our corporate headquarters will remain in Pune, our global business will span out from Amsterdam since that offers us locational and operational advantages in the context of the nature of our business,” said Tulsi R Tanti, chairman and managing director, Suzlon Energy.
Suzlon has about 25 top executives working from its Amsterdam office. Its international marketing operations are coordinated from Aarhus, Denmark.
Suzlon acquired Hansen Transmissions International – the Belgium-based gear box manufacturer – for Rs 2,500 crore in May 2006, and bought German wind turbine manufacturer REpower for Rs 7,314 crore a year later to access technologies and talent as a part of its global foray.
“In India, we are the largest player and have the best talent and facilities available here. Hansen and REpower were two of the best assets available for growth outside India. Europe, which generates half of the total global wind power, holds potential for our growth,” said Tanti.
However, he ruled out acquisitions in the near future.
Proximity to manufacturing, research and development (R&D) facilities of Hansen and REpower is one reason for moving the main operations to Amsterdam, Tanti explained.
Suzlon has international orders amounting to Rs 14,307 crore (for 2916 mw), as compared with orders totalling Rs 2,404 crore (441 mw) from the domestic market.
Its revenues from India contribute 46 per cent of its total turnover, but this is expected to shrink to about 20 per cent in three years in the context of the pace of the company’s global business. Suzlon has targeted 40 per cent of its revenues from Europe, which now accounts for half the total wind energy installed in the world.
Tanti said the company also planned to list on major international stock exchanges, but had not yet fixed a timeframe for this.
“We will list Suzlon on major bourses at an appropriate time, but we have not decided where and when,” he said.
He informed that the R&D team at REpower had developed 6 mw offshore wind turbines, the first of its kind.
The largest offshore wind turbines today are of 5 mw capacity and cost over Rs 50 crore a unit. REpower plans to manufacture 300 units of 5 mw and 6 mw turbines in three years.
Suzlon’s gearbox R&D unit is located in Belgium, turbine development in India and Germany, and aerodynamics research in the Netherlands. Its manufacturing facilities are located in Belgium, China and the US.
Monday, January 7, 2008
Top News
Ashok Leyland vehicle sales up 8% in December
Ashok Leyland Ltd said on Monday that it sold 6,340 vehicles in December, up 8 per cent from 5,873 units a year earlier. It said domestic sales rose 2 per cent to 5,488 units from 5,396 units, while exports rose to 852 units from 477 units.
Advanta India acquires Unicorn Seeds
Seed marketing company Advanta India Ltd on Monday said it has acquired vegetable seeds business of Hyderabad-based Unicom Seeds Ltd for an undisclosed amount.
The acquisition would strengthen the company's position in the vegetable seed market and increase its product portfolio, Advanta India said in a communiqué to the Bombay Stock Exchange.
"We hope to leverage the strong brand equity of Unicom, excellent breeding programs and outstanding production capabilities to strengthen the leadership position in this market segment," Advanta India said.
Advanta India Ltd is a 100 per cent subsidiary of United Phosphorus Ltd. It deals with the research, development, production and marketing of hybrid seeds.
Unicom has a strong presence in the domestic and export markets of vegetable seeds and is also engaged in custom production for key vegetable seed suppliers in Europe, Asia and USA.
Marksans Pharma buys UK-based Hale Group
Marksans Pharma on Monday said it has acquired UK-based pharma company Hale Group for an undisclosed amount.
The UK-based subsidiary of the company, Marksans Pharma (UK) Ltd, has entered into a definitive agreement with Hale Group Ltd, the parent company of Bell, Sons and Co (Druggists) Ltd, to acquire the latter, Marksans said in a filing to the Bombay Stock E xchange.
Eicher Motors December sales up 2.7%
Commercial vehicle maker Eicher Motors on Monday reported a 2.7 per cent increase in its sales during December, 2007 at 2,233 units as against 2,174 units in the same month previous year.
Sales of the company's light commercial vehicles were up marginally to 1,775 units compared to 1,742 units in December 2006, Eicher Motors said in a statement.
Heavy commercial vehicle sales rose to 458 units in the said period as against 432 in the corresponding month last year.
In the April-December period, the company sold 19,686 units as against 17,700 units in the same period of previous fiscal, up 11.2 per cent year-on-year.
Sun TV Network hikes advt rates
Television Broadcaster Sun TV Network Ltd is increasing its advertisement rates with effect from February 1 this year, in Tamil channel by 10 % to 21 %, in Telugu Channel (Gemini TV) by 15 %, in Kannada Channel (Udaya TV) by 10 % to 20 %, in Mala yalam Channel (Surya TV) by 3 % to 13 %.
Two programmes of the company whose TRPs are extremely high, the hike in advertisement rates is over 30%. For other channels like Sun Music, Sun News, Gemini Music, Gemini News, Teja, Udaya Movies, Udaya Varthagalu, Udaya II, Kiran the increase in advert isement rates range from 10% to 25%.
Simultaneously, the slot fees (broadcast fees) received from the content producers is also increased proportionately effective February 15, 2008.
Suzlon Energy arm in Denmark bags order
Suzlon Energy Ltd has informed the BSE that the company through Suzlon Wind Energy A/S, Denmark, its step-down wholly owned subsidiary further consolidated its position in the Spanish wind energy market with an order for 42.5 MW of wind turbine c apacity.
The contract would be supplied through 22 units of Suzlon's S88 2.1 MW turbines.
