Leading wind-turbine generator Suzlon Energy has orders worth Rs 16,500 crore on hand, company Chairman and Managing Director Tulsi Tanti said here.
"We have a good order pipeline with export orders of Rs 15,000 crore and domestic orders of Rs 1,450 crore as on June 30, 2008. The export order includes Rs 7,000 crore from the US, Rs 2,500 crore from China, Rs 2,200 crore from Australia, Rs 3,200 crore from Europe and Rs 1,450 crore from DLF in India," Tanti said here today.
Our 3,000 Mw capacity expansion plan is progressing on track. Most of the orders would be executed in the current financial year, while some US orders will be executed in the next fiscal year, Tanti said.
The company is hopeful of growing at 50 per cent compared to 20-25 per cent growth worldwide.
"The oil price hike and climate change concerns have increased the demand of wind energy. The opportunity for renewal energy is immense with the increasing cost of fossil fuels and its diminishing supplies," he said.
There is a huge demand for Suzlon's products worldwide. "During the first quarter of this fiscal, we have received 200 Mw order from US, 200 Mw order from China and 106 Mw order from DLF in India," Tanti said, adding that "in India, we have a large customer base and having good negotiations pipeline."
Meanwhile, Suzlon reported 42 per cent growth in revenues in the first quarter of this fiscal. The company registered consolidated sales revenue of Rs 2,760 crore in Q1 FY09 as compared to Rs 1,944-crore in the Q1 FY08.