Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Suzlon commissions 900 mw wind energy projects in FY16
BackBack

Suzlon commissions 900 mw wind energy projects in FY16

Suzlon continues to maintain market leadership in India with 36% cumulative market share and diversified presence across eight states

Suzlon Group chairman Tulsi Tanti said that the 100% growth in installations in India is higher than 43% growth achieved by the industry. Photo: Bloomberg Premium
Suzlon Group chairman Tulsi Tanti said that the 100% growth in installations in India is higher than 43% growth achieved by the industry. Photo: Bloomberg

New Delhi: Wind energy solutions provider Suzlon Group on Monday announced that it commissioned 900 mw wind energy projects in the last fiscal.

“Suzlon Group... has commissioned 900 mw wind energy projects during the financial year 2015-16, of which 520 mw was commissioned in Q4FY16," the company said in a statement.

This amounts to a more than 100% increase in installations, vis-a-vis 442 mw installed during the financial year 2014-15, it said.

Suzlon continues to maintain market leadership in India with 36% cumulative market share and diversified presence across eight states, it said.

The year also marked the debut of Telangana in the wind energy sector with maiden capacity addition of 78 mw installed by Suzlon, it said.

The projects were executed for a variety of customers including Independent Power Producers (IPPs), public sector units (PSUs) and small and medium enterprises (SMEs).

Suzlon’s newest product variant S97 120m hybrid tower constituted 31% (134 wind turbines) of its total commissioned capacity.

With the installation of 900 mw in FY16, Suzlon’s cumulative global wind energy installations reach 15.50 GW consisting of 9.50 GW installations in India.

“The 100% growth in our installations in India is higher than 43% growth achieved by the industry...," Suzlon Group chairman Tulsi Tanti said in the statement.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 02 May 2016, 02:21 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie