Suzlon gets orders from China

Suzlon Energy Ltd has informed that the Suzlon Energy (Tianjin) Ltd, China, the wholly owned subsidiary of the Company has signed two new orders with the Jingneng Group, China's leading power project developers. The contracts call for a total of 100 MW of capacity, to be delivered by May 2008 of which the first order calls for a delivery of 33 units of S82 — 1.5 MW turbines, and the second for 40 units of S64 - 1.25 MW turbines.

Suzlon Energy gets new orders

Suzlon Energy Ltd has informed that the Company through Suzlon Wind Energy A/S, Denmark, its step-down wholly owned subsidiary further consolidated its position in the Spanish wind energy market with an order for 42,5 MW of wind turbine capacity. The contract is to be supplied through 22 units of Suzlon's S88 2.1 MW turbines. The customer is a Company wit Eolia Renovables SRC S.A., as major shareholder and Iniciativas Energeticas S.A., subsidiary in renewable of the Huarte family group, as minority shareholder, and has relied on Suzlon the turn-key erection of the wind farm Jerez (42,5 MW), installing 22 S88 2,1 MW units, foreseen to start-up in 2008.

Suzlon Energy record date for stock split

Suzlon Energy Ltd has informed that January 28, 2008 has been fixed as the Record Date for the purpose of sub-division of the face value of the equity shares of Rs 10/- (Rupees Ten Only) each to face value of Rs 2/- (Rupees Two Only) each.

Suzlon gets order from ONGC

Suzlon Energy Ltd has informed that the Company signed a major new order with ONGC, India's leading Oil & Gas Exploration & Production (E&P) Company, for 51 MW of wing turbine capacity. The order, to be supplied in 34 units of Suzlon's S82 - 1.5 MW turbines, will be installed as part of a project in the Kutch region of Gujarat, India.

Suzlon Energy - Hansen IPO

Suzlon Energy Ltd has informed that Belgium based Hansen Transmission International NV ('Hansen'), the subsidiary Company of the Company, has now completed the Initial Public Offering ('IPO') of its subsidiary shares. An offer price of 175 pence per share has been set in respect of the ordinary shares offered to the institutional investors in the IPO, which in turn reflects a total post-money market capitalisation at the offer price of approximately Euro 1.60 billion. The said shares of Hansen will be formally listed on the London Stock Exchange on December 11, 2007 although conditional trading in the shares has commenced on December 06, 2007.

Suzlon Energy gets orders

Suzlon Energy Ltd has informed that Suzlon Energy Australia Pty Ltd, Australia; the step-down wholly owned subsidiary of the Company has signed two major new orders in Australia. The contracts totaling over 200 MW of capacity were signed with Sydney's Renewable Power Ventures (RPV) and utility major AGL Energy. The contract with RPV calls for delivery of 63 units of Suzlon S88-2.1 MW wind turbines translating to 132 MW capacity and the wind farm project pertaining to the said supply is scheduled for completion in the first half of 2009. Whereas the contract with AGL Energy calls for delivery of 34 units of Suzlon S88-2.I MW wind turbines and is scheduled for completion by 2009.

Suzlon Energy Updates

Suzlon Energy Ltd has informed that the Supervisory Board of ReEpower Systems AG, Germany ("REpower"), has approved changes in both the membership of the Supervisory Board and the Executive Board.

Dr. Hans-Joachim Reh and Dr. Jorge Martins will resign from the Supervisory Board with effect from January 01, 2008. Prof. Fritz Vahrenholt, the present CEO and Chairman of the Executive Board of REpower will withdraw from his day-to-day operational business responsibilities as CEO and Chairman of the Executive Board with effect from January 01, 2008. Prof. Fritz Vahrenholt will become a member of the Supervisory Board on January 01, 2008 and is proposed to be appointed as the Vice Chairman. Mr. Andre Horbach, Suzlon Group CEO will be also join as a member of the Supervisor Board of REpower.

The Supervisory Board of REpower has also approved the appointment of Mr. Per Hornung Pedersen as CEO and Chairman of the Executive Board of REpower with effect from January 01, 2008. Mr. Per Hornung Pedersen is presently the CEO of Suzlon Energy A/s, a subsidiary of the Company in Denmark.

Further the Company has informed that, through a voluntary public tender the Company through its step-down subsidiaries acquired 33.85% of REpower's capital. By this shareholding and Voting-Pool-Agreements with two other REpower shareholders, Martifer and Areva, the Company, subject to certain minority protection and other rights of the two other REpower shareholders, controls 86.47% of the votes in REpower as on date.

Suzlon Energy gets wind turbine contract

Suzlon Energy Ltd has informed that Suzlon Wind Energy Corporation, the US-based step-down wholly owned subsidiary of the Company has signed a contract for a 400 MW of wind turbine capacity with Horizon Wind of Houston, Texas, one of the largest wind power developers in the United States and also owned by Portuguese utility EDP (Energias de Portugal, S.A.), a leading renewable energy developer in the world. The contract calls for delivery of 200 MW of turbine capacity in 2008 and another 200 MW of capacity in 2009.

Suzlon Energy

Suzlon Energy Ltd has informed that the Company has secured a major order from DLF Ltd for setting up of a windfarm of 150 MW wind turbine capacity in the State of Gujarat. The said order comprising of 100 units of Suzlon's S82-1.5 MW turbines will be installed by March 2008.

Suzlon Energy

Suzlon Energy Ltd has informed that the Company on September 21, 2007 has launched and priced a proposed Foreign Currency Convertible Bonds ("FCCBs") issuance for an amount of US$ 200 million. Credit Suisse (Hong Kong) Ltd acted as the Sole Bookrunner to the transaction.

The FCCBs, which have a maturity of 5 years and 1 day, are convertible at a conversion price of Rs 1,859.40 per share (as adjusted from time to time), which is at a premium of 30% over the 5 day volume weighted average price (VWAP) of Rs 1,430.31 on the NSE on September 20, 2007. The FCCBs are zero coupon bonds with a yield to maturity of 7.55%, calculated on a semi-annual basis, at the end of 5 years and 1 day if not converted into shares during the period.

The FCCBs are expected to be listed on the Singapore Exchange Securities Trading Ltd.