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Suzlon sees its steel demand rising threefold

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 12:52 AM IST

Suzlon Energy expects its steel requirement to rise to 1.5 million tonnes annually from the present 0.5 million tonnes over the next 3-4 years, a top company official said today.

"We are expecting our steel requirement to increase from 0.5 MT to 1.5 MT annually over the next 3-4 years. It will be utilised for our own requirements in India and Germany," Suzlon's Chief Financial Officer Robin Banerjee told reporters on the sidelines of an industry conference here.

The company, which currently imports steel to manufacture wind turbines, expects the quantum to rise proportionately with a rise in manufacturing capacity, he said.

Suzlon requires 85 tonnes of steel plate for every mega watt of wind turbine capacity it manufactures. As on January 30, the wind turbine-maker had an order book of 1,460 Mw or Rs 8,128 crore.

The firm has received approval from the Karnataka government to set up an integrated steel plant but has not yet been allotted iron ore mines, Banerjee said. Earlier, the company invested around Rs 50,000 crore to set up an integrated steel plant in Bijapur district of Karnataka.

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First Published: May 26 2010 | 8:33 PM IST

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