Order worth Rs 200 cr for Suzlon Energy

Wind power generator Suzlon Energy has bagged two orders worth over Rs 200 crore from third party operators.

Suzlon's 100 percent subsidiary Seforge, engaged in manufacturing of large size castings and large diameter forged and machined rings, has received two third-party orders worth Rs 120 crore from an independent wind turbine tower manufacturer for tower flanges, and Rs 80 crore for castings, the company said in a statement here on Monday.

"With our cutting edge technology, comprehensive product portfolio and highly competitive offerings, we are well positioned to take advantage of the opportunities in the evolving market place," Seforge Chief Executive Kamlesh Bhadani said.

He said the country is witnessing strong growth momentum not only in wind, but also in non-wind sectors like oil and gas, and particularly in markets such as North America.

"Looking ahead, we expect the oil and gas sector to contribute around 20 percent of our forging division's revenues in FY13," he said.