Suzlon Energy - Outcome Of Board Meeting

Suzlon Energy Ltd has informed that the Board of Directors of the Company at its meeting held on October 23, 2007, has approved increase in the integrated global manufacturing capacities for wind turbines and parts thereof by additional 3000 MW to 5700 MW to cater to the increasing market share and demand. The said manufacturing capacities are proposed to be increased in one or more of the existing subsidiary Companies in India, which are presently in process of setting-up their respective establishments at strategic locations in India.Apart from above, the Board of the Company has also approved investment in one of its wholly owned subsidiary Companies to increase the foundry, forging and machining facilities. Such increase in capacities would facilitate in meeting to the requirements for manufacturing of wind turbines and its parts thereof.The total capital investment by the Company for the proposed increase together with the ongoing capacity building would be to the tune of Rs 2600 Crores, which would be invested in phased manner over the period of coming two years.