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News Brief | March 2017

Suzlon to sell stake in 130 MW projects before March

Suzlon Energy has divested 49 per cent stake in around 210 MW of solar power projects while sale of stake in another 130 MW of projects is in the works, with aim to be completed before March 2017, Kirti Vagadia, CFO, Suzlon Group has said. The sales so far have raised the company `176 crore, while another Rs.110 crore is expected from the yet to be completed deals. The company forayed into the solar sector in January 2016 by bagging orders worth 210 MW in Telangana, and has since built 515 MW of project, with PPAs already in place for 340 MW.
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