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Suzlon Energy Ltd Decides To Close Its Rotor Blade And Control Panel Manufacturing Units At Puducherry

Thursday, 14 Feb 2013 07:48am EST 

Suzlon Energy Ltd announced that the Board of Directors of the Company at its meeting held on February 14, 2013, inter alia, has decided to close its Rotor Blade and Control Panel manufacturing units at the Puducherry (Pondicherry) manufacturing facility. The decision follows on account of the challenges faced in industrial relations at the manufacturing facility coupled with logistical issues faced by the facility in handling multi-MW wind turbine components of increasing size and the current financial position of the Company. This, however, does not include the Nacelle unit at the same facility, which could see utilisation as a service centre. This would also help the Company in reduction of opex and working capital intensity as well as rationalise capacity in the Company's supply chain. 

Company Quote

-2.25 -9.96%
19 Sep 2014