Business Deal Between Suzlon and Australia's Infigen Energy Secured

Submitted by Prema Kher on Wed, 11/25/2009 - 20:46

Business Deal Between Suzlon and Australia's Infigen Energy SecuredOne of the leading wind turbine makers, Suzlon Energy, has entered into an agreement with Australia's Infigen Energy to provide 20 units of 2.1 MW wind turbine generators.

This is the second order from Infigen, making the total order to 183 MW. The installation of wind turbine generators would be done at one of the wind farms in Infigen's pipeline of future projects in New South Wales, Australia.

Infigen Energy is a leading specialist in renewable energy business with interests in 41 wind farms across Australia, US, Germany and France.

Presently, Suzlon is delivering Infigen's 141 MW capital wind farm under engineering, procurement, construction (EPC) turnkey contract.

On the Bombay Stock Exchange, Suzlon shares were trading firm at Rs 72.50, up 1.54 % at 1030 IST.


Tagged with

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

© Copyright 2010