Suzlon-subsidiary Seforge wins Rs. 200 crore wind sector orders |
Written by Vivek | |
Tuesday, 04 October 2011 | |
Vadodara: Seforge, a 100 per cent subsidiary of Suzlon Energy Limited, engaged In manufacturing of large size castings and large diameter forged and machined rings, has announced major new orders from the wind sector totaling over Rs. 200 crore. It has received a Rs. 120 crore from one of the top three independent wind turbine tower manufacturers for tower flanges and a Rs. 80 crore from one of the world's top five wind energy players for castings. "We are witnessing strong growth momentum not only in wind, but also in non-wind sectors like oil and gas, and particularly in markets such as North America. Looking ahead, we expect the oil and gas sector to contribute between 15 and 20 per cent of our forging division's revenues in FY2012-13. With our cutting edge technology, comprehensive product portfolio and highly competitive offerings, we are well positioned to take advantage of the opportunities in the evolving market place," said Kamlesh Bhadani, CEO - Seforge. The Suzlon Group is ranked as the world’s fifth largest wind turbine supplier, in terms of cumulative installed capacity, at the end of 2010. The company’s global spread extends across Asia, Australia, Europe, Africa and North and South America with over 17,000 MW of wind energy capacity installed in 28 countries, operations across 32 countries, a workforce of over 13,000 and revenues of approximately US$ 4 billion. The Group offers one of the most comprehensive product portfolios – ranging from sub-megawatt on-shore turbines at 600 Kilowatts (KW), to the world’s largest commercial 6.15 MW offshore turbine – built on a vertically integrated, low-cost, manufacturing base. The Group – headquartered at Suzlon One Earth on Pune, India – comprises Suzlon Energy Limited and its subsidiaries, including REpower Systems SE in which the company holds ~95 per cent share. |