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Q.

Why this stock fluctating like this?

About: Company: Suzlon Energy Ltd.

Asked by Roy Abraham, 16 Apr '09 02:54 pm
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Answers (2)

1.

April 16 (Bloomberg) -- Suzlon Energy Ltd. of India, one of the world's biggest makers of wind turbines, is facing new problems over faulty blades for a project in China's Shandong province, the Wall Street Journal reported, citing people familiar with the matter.

Suzlon is contracted to supply blades for 75 turbines in a project being managed by Germany's REPower Systems AG, with an option for 75 more; REPower rejected the prototype and ordered the equipment from elsewhere, the Journal said.

Suzlon owns 74 percent of REPower although it has to manage it at arm's length because of German laws protecting minority investors; REPower lost 6 million euros ($7.9 million) because of the problems with the first batch and Suzlon said it was ``working vigorously'' on testing the latest blades, the WSJ reported.
Answered by Aditya Saagar, 16 Apr '09 03:44 pm

 
  
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2.

Suzlon energy faces new faulty blades issue in china : Reports
Answered by vimal, 16 Apr '09 03:36 pm

 
  
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