Suzlon Energy Plans New Manufacturing Plants in India

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.

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