19 Jun, 2013
The Leela Palace, Bengaluru
Monday, June 25, 2012 - 11:44 IST
Suzlon Energy sells China manufacturing unit for $60M
BY Madhav A Chanchani
The sale of the unit comes as Suzlon has to meet its FCCB obligations of $569M this financial year.
Wind turbine manufacturer Suzlon Energy Ltd has sold its wholly owned China manufacturing subsidiary for Rs 340 crore ( $60 million). Suzlon has signed a binding term sheet with China Power (Tianjin) New Energy Development Company Ltd (CPNE).
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