Sunday, June 24, 2012

SUZLON SELLS CHINESE ARM

Suzlon the fifth- largest wind power maker by installed capacity sold its Chinese manufacturing subsidiary for Rs 340cr to China Power New Energy Development Company. Suzlon entered China In 2005 with marketing operations and set up a  Manufacturing subsidiary in 2006 with 900MW capacity. Suzlon has Rs 10,000cr debt on its books. A little relief is expected from the transaction.

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