Suzlon to provide Rs 100 cr for retrofit program in Q4

MUMBAI: Suzlon Energy has reported retrofit program to resolve blade cracking issues discovered during the operations of S88 turbines in the US. The retrofit program involves the structural strengthening of 1,251 blades on S-88 turbines, of which 930 blades are already installed while the remaining blades are in transit.

The retrofit program will be carried out by maintaining a rolling stock of temporary replacement blades, to minimize the downtime for operational turbines, and will completed in six months. The total estimated cost of the retrofit program is at Rs 100 crore, for which a provision will be made in Q4 of FY08.

"Suzlon Energy with its integrated global value chain and in-house blade design and manufacturing capabilities is well-equipped to resolve the issue within a short timeframe and in cost efficient manner. It expects no impact on the order and execution pipeline," said Andre Horbach, CEO of Suzlon Group. At 10:48 am, Suzlon Energy shares were down 4.89 per cent at Rs 267.55 on BSE.