Tulsi Tanti News
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Suzlon Energy Ltd.’s convertible bonds are falling at the fastest pace since 2009 after India’s biggest wind-turbine maker signaled it will fall short of funds to repay debt maturing this year.
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Suzlon Energy Ltd., India’s biggest maker of wind turbines, fell the most in two weeks after reporting a wider-than-estimated loss in the third quarter as interest costs and provision for deferred taxes increased.
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Suzlon Energy Ltd., India’s biggest maker of wind turbines, reported a wider-than-estimated loss in third quarter as interest costs and taxes increased.
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Wind-industry overcapacity will be absorbed by 2014 as demand grows and companies consolidate, mainly in China, Suzlon Energy Ltd. Chief Executive Officer Tulsi Tanti told the Financial Times Deutschland.
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Wind-turbine makers have seen profit margins wiped out, and the potential end of tax credits in the U.S. will see its “boom-and-bust” market persist, Suzlon Energy Ltd. Chairman Tulsi Tanti said today.
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Renewable energy companies are approaching the point where they can generate electricity at a price competitive with fossil-fuels without subsidies, the biggest wind and solar manufacturers said.
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India is known for setting ambitious development goals and then missing them by a margin that might be laughable if it weren’t so serious. Case in point: Seven years ago, the slogan ‘Power for All by 2012,’ became national policy. Today, India has 288 million people living without electricity access, according to a November 2011 International Energy Agency report.
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Founding investors of Suzlon Energy Ltd., India’s biggest wind-turbine maker, sold a stake to raise cash for the company to invest in land and infrastructure, the chairman said, rebuffing speculation over other motives.
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Suzlon Energy Ltd. , India’s biggest maker of wind turbines, said it plans to expand capacity at its plant in China as that market remains the world’s largest and the company returns to profit this financial year.
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Suzlon Energy Ltd. , India’s biggest wind-turbine maker, said the industry will no longer have excess capacity in two years as demand from the Asian market increases.
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