Suzlon Energy has completed the sale of balance stake in Rudra Solarfarms for Rs 14.21 crore to AMP Solar Ventures and AMP Solar Asia Holdings. Accordingly, Rudra has ceased to be a subsidiary of the Company.

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Suzlon Group announced its maiden order win for development of 50.4 MW wind power project from Atria Power. Suzlon will install 12 units of S1l1-140m and 12 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each. The project is located in Tuticorin, Tamil Nadu and is in advance stages. It will be commissioned in two phases by Hl, FY20. This order formed a part of our Letter of Intent (Lot) orders of 484 MW.

Suzlon will execute the project on turnkey basis and will also provide comprehensive operation and maintenance services.

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Suzlon Energy announced that Brij Mohan Sharma, the Nominee of IDBI Bank, has ceased to be the Nominee Director of the company with effect from 29 November 2018 and Biju George Kozhippattu has been appointed as the Nominee of IDBI Bank in his place as the Nominee Director of the Company with effect from 29 November 2018.

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Suzlon Energy has completed the sale of Tornado Solarfarms to CLP Wind Farms and accordingly Tornado has ceased to be a subsidiary of the the company.

As first part of the transaction, CLP acquired 49% stake in Tornado for a cash consideration of Rs.15.92 crore. And as second part of the transaction, CLP acquired balance 51% stake in Tornado for a cashconsideration of Rs.16.57 crore.

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