Suzlon bags order from Turkish firmOctober 6th, 2009 MUMBAI - Wind turbine manufacturer Suzlon Energy Tuesday said it has bagged an order from Turkey-based Ayen Enerji to supply and install 27 turbines. The turbines, which will have a combined capacity to generate 57 MW, would be installed at the Seferihisar and Mordogan projects in eastern Turkey, the company said in a regulatory statement.
Suzlon promoters offload 4.5 percent stake in company (Business Capsule)September 23rd, 2009 MUMBAI - Three promoters of wind power major Suzlon Energy have sold approximately 70 million equity shares, representing 4.5 percent of the paid-up capital of the company. As per Wednesday's opening price, the sale amounts to Rs.688.8 crore.
A breakdown of servicers taking part in Treasury's loan-modification plan to aid homeownersAugust 6th, 2009 The servicers in gov't loan-modification planA look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners.
Suzlon posts net loss of Rs.160 crore in first quarterAugust 1st, 2009 MUMBAI - Wind power major Suzlon posted a net loss of Rs.160.47 crore for the quarter ended June 30, compared to a net profit of Rs.88.04 crore in the same period the previous fiscal. The company logged a total income of Rs.359.32 crore in the first quarter, a decrease of 75 percent from Rs.1,496.28 crore in the year-ago period.
Suzlon to raise $200 mn from overseasJuly 21st, 2009 MUMBAI - Wind energy major Suzlon will raise $201.91 million by issuing global depository receipts (GDR) and zero coupon convertible bonds, the company said Tuesday. In a statement, Suzlon said it planned to raise $108 million through the global depository receipt route comprising 14,600,000 shares at $7.4 per unit.
Norwegian fertilizers group Yara halts Belgian plant after explosion injures 2June 29th, 2009 Norway's Yara shuts down Belgian plantOSLO — Fertilizers group Yara International ASA announced Monday that it was shutting down its plant in Belgium after an explosion injured two employees and caused serious damage to the facility. Yara spokesman Asle Skredderberget said the plant suffered "substantial" damage in the blast, which occurred Saturday, and that the company has sent a team to investigate.
Suzlon posts Rs.4.69 billion lossJune 29th, 2009 MUMBAI - Wind energy major Suzlon posted a net loss of Rs.4.69 billion in the last fiscal compared to a profit of Rs.12.65 billion in the previous fiscal, the company said Monday. The total income of the company grew 5.12 percent to Rs.74.12 billion for the year ended March 31 from Rs.70.51 billion in the previous period.
Suzlon raises stake in Germany's REpowerJune 6th, 2009 MUMBAI - Wind turbine maker Suzlon Energy has raised its stake in Germany-based REpower Systems AG to 90.72 percent by acquiring Martifer Group's 14.4 percent stake in the company, it was announced here Saturday. Suzlon acquired Portugal-based Martifer's stake with a final payment of 87.6 million euros ($122.3 million), the company said in a statement.
Goldman Sachs sells part of its stake in China bank ICBC for $1.9 billionJune 2nd, 2009 Goldman Sachs sells $1.9B stake in China's ICBCHONG KONG — Goldman Sachs has raised more than $1.9 billion after selling part of its stake in Industrial & Commercial Bank of China as the U.S. investment firm seeks to repay government bailout funds.
Suzlon's Gujarat wind power plant to be ready in SeptemberMay 26th, 2009 GANDHINAGAR - A 52 MW wind power plant that Suzlon Energy is executing for Gujarat State Petroleum Corp (GSPC) in Gujarat will be commissioned in September, a state government official said. "The work on the project site in the Kutch region has started.
Suzlon promoters sell 2 percent stakeMay 13th, 2009 MUMBAI - Wind energy major Suzlon Energy Wednesday said its promoters had sold about 30 million shares of the firm, representing two percent of the paid-up captial. Following the sale, the promoters' holding in the company has come down to 63.82 percent, the company said in a regulatory filing.
Sensex touches 11,000-point mark for first time in 18 monthsApril 13th, 2009 MUMBAI - The Bombay Stock Exchange's Sensex on Monday touched the 11,000-point mark for the first time in over 18 months. The Sensex, which touched the high level of 11,000 points during the day, ended with a gain of 122.47 points at 10,926.33.
Suzlon signs MoU with TERI UniversityMarch 31st, 2009 NEW DELHI/PUNE - Suzlon Energy Limited, the world's fifth leading wind turbine maker, entered into a Memorandum of Understanding (MoU) with TERI University for setting up and offering an MTech Programme in Renewable Energy Engineering and Management. This MoU will facilitate Suzlon Energy to contribute to the Programme through exchange of ideas and expertise, and guest faculty.
Belgian nursery attacker admits killing pensioner: ReportMarch 4th, 2009 BRUSSELS - The 20-year-old man suspected of killing two toddlers and a teacher in a knife attack at a Belgian nursery in January has confessed to the murder of a pensioner. Kim De Gelder admitted his involvement in the death of 73-year-old Elza Van Raemdonck de Vrasene during a court hearing, the Belga news agency reported Tuesday.
Suzlon raises stake in REpower to 73.7 percentDecember 29th, 2008 NEW DELHI - Suzlon Energy, India's largest wind turbine manufacturer, has acquired the first tranche of Martifer group's stake in REpower Systems AG of Germany for approximately euro 65 million ($89 million or Rs.4.23 billion), the company announced Tuesday. The transaction takes Suzlon's holding in REpower to 73.71 percent.
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