Suzlon Energy Plans New Manufacturing Plants in India

Oct. 9 (Bloomberg) — Suzlon Energy Ltd., the Indian wind-turbine maker undergoing debt reorganization, plans to build new
manufacturing plants in central India.

The factories would support 2,000 megawatts of wind-farm
orders that Suzlon expects to win in Madhya Pradesh state in the
next five years, Chairman Tulsi Tanti told an investor summit in
Indore today, according to an e-mailed statement.

In July, Tanti said Suzlon also intends to invest as much
as $50 million in a 400-megawatt turbine plant in Brazil by the
end of 2015.

The Pune-based company, which committed India’s biggest
convertible bond default in 2012, expects to exit corporate debt
restructuring by April, Tanti said last month.

To contact the reporter on this story:
Natalie Obiko Pearson in New Delhi at

To contact the editors responsible for this story:
Reed Landberg at
Iain Wilson, Tony Barrett

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us