Suzlon Energy Ltd is an India-based manufacturer and installer of wind turbines. Suzlon started in 1995 and through acquisition and the establishment of subsidiaries have installed 16GW of wind capacity worldwide by mid 2016, of which approximately two thirds is in India. Suzlon has a presence in 19 countries, with 7500 employees, 18 manufacturing centres in India and China and 8 R&D facilities in Germany, India, the Netherlands, and Denmark. As well as manufacturing Suzlon offers full wind project management from land acquisition through design, construction, installation and asset management. In 2015 the company entered into the solar photovoltaic business in India.
Exchange: BSE and NSE (India), symbol Suzlon
Financial Data from Exchange website: Link to NSE
Recent Financial Report: Annual report 2016/17
Further Information: In the early 2000’s Suzlon was considered the 5th largest wind turbine supplier in the world. To do so they took on a large debt, so that when business dropped after the 2008 financial crisis, they became loss-making and remained so for 7 years. In 2015 they brought in new investors and sold Senvion, a large German subsidiary. This, plus larger revenue from the remaining business, put the company into overall profit for the year ending March 2016. However, without special items such as the sale of Senvion, there was still an after tax loss of £2.1m.
By the end of 2016 Suzlon had more than 10GW of wind power installed in India.
Contact Details: One Earth, Hadapsar, Pune 411028, India
Tel: +91 20 670 22000
Chairman: Tulsi Tanti
Fields of interest: Wind, India