Suzlon sees no serious pressure from Europe on revived Indian market
No longer threatened by debt and with the largest order book ever, Suzlon is ready to utilize a rapidly expanding market. ”We’re definitely cheaper than the European suppliers,” says the CEO.
On Friday, Suzlon announced an order of 81.9MW. On its own, an order for 26 wind turbines may not seem very remarkable. However, the order says several things about the current state of affairs at the Indian turbine manufacturer, which just a few days ago presented its second consecutive annual report with a positive bottom line and an operating margin of 15.8% (EBITDA).
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