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
npearson7@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Iain Wilson, Tony Barrett