Suzlon to pay Rs 590 cr as damages


	Suzlon to pay Rs 590 cr as damages

CohoctonWindWatch

7-10-2008 5:13 PM

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tags:

industrial wind suzlon turbines blades, alternative energy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cfd22e7a-775f-40f7-a16b-ec6b5e4a2328/3E6FB42F-9038-4F0A-B97E-85AC3FE79922/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=41928" href="http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=41928" style="font-size: 11px;">www.business-standard.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=41928">Suzlon Energy Ltd, one of the top five wind power equipment makers in the world, 
is planning to set aside Rs 590 crore for paying damages to its clients who are 
facing output losses due to defective blades installed by the company. 
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<P class=TableClas>Suzlon will compensate customers John Deere Wind Energy and 
Edison Mission Energy for output losses because of cracked turbine blades, news 
agency Bloomberg said today, quoting Chief Financial Officer Kirti Vagadia at 
the Nomura Asia Equity Forum in Singapore.</P></TR></TBODY></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3E6FB42F-9038-4F0A-B97E-85AC3FE79922/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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