I bought suzlon 1700@ 71 yesterday should i hold them till next week or book loss and get into another share if it will not cross 62 today
About: Company: Suzlon Energy Ltd.
Dt. 1 6th April, 2009
This is in reference to reports in a section of the media regarding blades supplied to REpower by Suzlon in China.
REpower asked and contracted with Suzlon to have the company manufacture wind turbines blades, The blade design was REpowers, and the manufacturing process required Suzlon to adjust the specifications and processes of existing manufacturing facility in Tianjin, China, to meet the REpower design specifications. The new process also involved training of the existing workers.
Suzlon has not delivered any blades to REpower. Those blades are still in the prototype phase of the manufacturing process, which includes rigorous testing of the bladest ability to perform reliably and safely. Suzlon will only commence serial manufacturing and delivery of blades after it completes this prototype phase and can guarantee the quality of the product. And the company is working vigorously to complete this process and commence full-scale ...more