News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/suzlon-energy-orders-up-60-in-strong-q4-expects-5bn-revenue-in-2012.html

Suzlon Energy, the world’s fifth largest wind turbine supplier, had a record annual order intake for close to 4GW of technology in its latest financial year ending in March 2011.

The India-based company saw strong growth in the fourth quarter, and its order book already tallies in at $6.7bn, promising new sales in the year ahead.
Its revenue grew 20 per cent year-on-year to $1.62bn, while its EBITDA reached $228m, up 91 per cent year-on-year in the fourth quarter. The company failed to give details of its debt or net income results in its financial statement, however.
With the size of its order book increasing 60 per cent compared to the previous year, Suzlon has pitched its revenue guidance for the financial year ahead at five times what it achieved in the recent year.
The company now expects to reap between $5.3bn and $5.8bn in revenue during fiscal 2012, it revealed in its latest financial statement.
Suzlon Group founder and chairman Tulsi Tanti attributed much of the company’s improvements to growth in the India market for renewable energy.
He said, ‘The past year has seen consistent improvement in our group performance. and we are very pleased to report a profitable fourth quarter.
‘Our focus on emerging and key developed markets, along with offshore, is paying dividends with a robust order book and a strong pipeline of projects under discussion. The India market, in particular, has delivered tremendous growth.’