Business Daily from THE HINDU group of publications Friday, Jul 04, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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New Projects Suzlon to invest Rs 4,000 cr in Tamil Nadu
R. Balaji Chennai, July 3 Suzlon Energy Ltd plans to invest over Rs 4,000 crore in Tamil Nadu to set up a cluster of production facilities for manufacture of wind turbine generators and related components at the SEZ being set up by Suzlon Infrastructure. According to official sources, Suzlon is considering establishment of manufacturing facilities by various companies within the group to produce the entire range of components that go into the production of wind turbine generators. This would range from turbines, wind mill towers, rotor blades and forging and casting facilities. Most of these facilities are to come up at Suzlon Infrastructure’s SEZ for the hi-tech engineering sector at Palladam near Coimbatore. Recently, Suzlon’s associate company Hansen Drives signed an agreement with the State Government to set up a Rs 1,500-crore facility for manufacturing gear boxes for wind turbines at the SEZ. Suzlon would be eligible for incentives under the Tamil Nadu Government’s new industrial policy announced last year, which categorises investments of more than Rs 1,500 crore in the manufacturing sector as super mega projects. Such projects are eligible for a package of incentives over and above the structured package announced for projects involving investments on a smaller scale. Also, the State has announced support for investments in industrially backward areas such as Palladam. Suzlon’s subsidiary companies cover a range of operations including installation and commissioning of wind turbine generators, transformers, manufacturing of tubular towers, rotor blades and forgings and castings. Suzlon buys 30% Areva stake in REpower Suzlon awaits feasibility study to enter bio-fuel business More Stories on : New Projects | Power | Non-conventional Energy
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