Wind turbines manufacturer Suzlon Energy today said it has bagged an
order from conglomerate ITC for supplying 27 MW of wind power
turbines to projects in Karnataka and Maharashtra for an undisclosed
amount.
The Karnataka project would add 21 MW of capacity from 10 units of
Suzlon's S88 2.1 MW turbines, while the Maharashtra project would add
6 MW of capacity from four units of Suzlon's S-82 1.5 MW turbine,
totalling to 27 MW, wind power major said in a filing to the Bombay
Stock Exchange.
Suzlon did not reveal financial details of the order.
"This order underlines ITC's experience with Suzlon in their existing
projects, and Suzlon's value proposition to investors. We are keen on
continuing this partnership for responsible and sustainable business
to help achieve ITC's organisational goals on sustainability," Suzlon
Energy President (Business Development, India) I C Mangal said.
These orders follows earlier wind projects commissioned by the
company in Tamil Nadu and Maharashtra for ITC. With these orders
ITC's wind portfolio increases to 47.1 MW.
"The agreement with Suzlon for the establishment of two new wind
power projects is a part of ITC's commitment to pursue a low-carbon
high-growth strategy and progressively increase its use of renewable
energy sources," ITC Divisional Chief Executive Tobacco Division
Sanjiv Puri said.
ITC operates in cigarettes, hotels, packaging, agri-business,
packaged foods, and other FMCG products.
Shares of Suzlon Energy were trading at Rs 90.50 on the BSE, up 0.17
per cent from its previous close.
