Tulsi Tanti News
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The convertible bonds of Suzlon Energy Ltd., the Indian wind-turbine maker that defaulted last year, are falling from a five-month high as a cash squeeze threatens its efforts to reorganize debt.
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Wind turbine installations will probably stall in 2013 as policy uncertainty, financing difficulties and delayed grid connections weigh down on projects, Suzlon Energy Ltd. Chairman Tulsi Tanti said.
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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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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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Suzlon Energy Ltd. , India’s biggest maker of wind-turbine generators, said it plans to expand capacity at its plant in China as the company expects to return to profit this financial year.
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Suzlon Energy Ltd. and its units have combined orders valued at $5 billion, Chairman Tulsi Tanti said.
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Suzlon Energy Ltd. , India’s largest wind-turbine maker, plans production for Chinese offshore wind projects within three years to tap a market that may provide 5,000 megawatts of orders a year, Chairman Tulsi Tanti said.
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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. expects to return to profit this financial year, Chairman Tulsi Tanti said in an interview today in Tianjin, China.
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