Suzlon divests wind farm assets to raise US$ 40 million

The transaction is scheduled to conclude by the middle of May 2012, after completion of due diligence and requisite approvals.

Suzlon Group reported its highest-ever orderbook in February 2012 at $7.5 billion, with a strong execution pipeline for FY13. This was backed by consistent gross profit levels of over 30%, an EBIT margin of 7%, and a year-on-year growth of over 30% over the course of CY2011, underscoring overall business momentum.