Suzlon Energy Plans New Manufacturing Plants in IndiaNatalie Obiko Pearson
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.