Tulsi Tanti News
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The closing date for Suzlon's rights issue is October 20.
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Accordingly, the company will continue to follow the schedule for the proposed rights issue set out in its letter of offer(LOF) dated September 28, 2022.
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Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad.
He is survived by his daughter Nidhi and son Pranav.
Tanti spearheaded the wind revolution in India with the founding of Suzlon Energy in 1995.
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India`s Suzlon Energy Ltd is seeking Australian partners to develop local wind farms as it taps a surge in global investor appetite for green energy assets after the Paris climate agreement, its managing director said on Wednesday.
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Terming India as a "promising" market for renewable energy, Suzlon group Chairman Tulsi Tanti said the sector is "demanding" too, with tariffs going below Rs 5 per unit that can impact economic viability of companies.
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"We are growing aggressively in the domestic market and now we are going to introduce S11 turbines, which has 111 metre rottar blade. The energy production will go higher by 20 per cent once S111 turbines start working," Suzlon group Chairman and Managing Director Tulsi Tanti said here.
Wind turbine manufacturer Suzlon on Thursday said it has bagged a 90.30 MW turnkey project from ReNew Power.
Established in 2013, the BRICS Business Council comprises 25 prominent entrepreneurs from Brazil, Russia, India, China and South Africa, representing various industries and sectors in the BRICS nations.
Within days of committing to invest in wind turbine maker Suzlon, Dilip Shanghvi Family and Associates have made an open offer to buy another 26 percent stake for Rs 2,837 crore in the company.
Suzlon Energy, one of the world's largest wind-turbine makers, Thursday announced the sale of its German subsidiary for 1 billion euros (USD 1.2 billion) to pare its mounting debt.
Suzlon Group has bagged contracts for wind power projects having total capacity of 150 MW, estimated to be worth about Rs 1,200 crore.
The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.
The plant, expected to be open in 18 months, will have initial capacity of 400 megawatts a year.
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