Suzlon bags Rs 1300cr deal in Brazil

Suzlon Energy has bagged a $ 283 million (Rs 1300 crore) deal to install six wind farms in Brazil, in its first foray in South America. The company will install a total of 225 MW wind power generation capacity in Brazil.

Suzlon already has orders from the US, Australia, China and Europe. The
Brazilian order was bagged by Suzlon's Denmark subsidiary, Suzlon Energy A/S.

The company's order book stood at Rs 7080 crore with full capacity utilisation till the first half of FY07-08. The company's quarter-on-quarter earnings for the quarter ended September is expected to go up 127% .Suzlon got three major orders, from US, Europe and China, between June and September this year, valued at Rs1800 crore. The company will declare consolidated results for all its 11 subsidiaries for the first time this quarter. Suzlon notched up a net profit of Rs 193 crore in the last quarter, while its order book stood at Rs 3758.90 crore, Tulsi Tanti CMD of the company, said.