Suzlon Energy Share price

OUR HISTORYThe Company was incorporated in 1995 by Tulsi Tanti. Tulsi Tanti was primarily in the textile business and was introduced to wind energy through a wind power project that he had commissioned for his textile factory. The first subscribers to the Memorandum were the family members and friends of Tulsi Tanti.The Company entered into a technical collaboration agreement in 1995 with a German company Sudwind GmbH Windkrafttanlagen to source the latest technology for the production of WTGs in India. Sudwind GmbH Windkrafttanlagen was subsequently taken over by Sudwind Energiesysteme GmbH ("Sudwind"). The parties entered into a fresh agreement dated September 30 1996 under which Sudwind proposed to share technical knowhow relating to 0.27 MW 0.30 MW 0.35 MW 0.60 MW and 0.75 MW WTGs in consideration for royalty to be paid on the basis of each WTG sold over the course of five years from thedate of this agreement.The Company obtained the official non-exclusive non-transferable license for the manufacturing marketing dealing and servicing of APX-60 type blades from the trustee of Aerpac B.V upon its liquidation for consideration of Euro 200000 vide an agreement that was entered into between the trustee of Aerpac B.V and the Company dated June 4 2001. This license is valid for an indefinite period. The Company entered into an agreement dated April 10 2001 with Enron Wind Rotor Production B.V for theacquisition of the moulds and the production line and technical support and assistance for the production of the rotor blade type APX 60-P in India for total consideration of Euro 500000. Enron has granted these rights for the manufacturing marketing and dealing with the products for an indefinite period. The Company introduced the concept of total solutions wherein in addition to the supplies of equipments the client is offered project execution work comprising land acquisition site development erection and commissioning foundation and other civil work and O&M services. These services are offered in conjunction with the Associate Companies.SWSL a subsidiary of the Company was incorporated in 1998 with the objective of providing O&M for wind power projects set up by the Company. The Company has also set up technological development centres in Germany and The Netherlands through wholly owned subsidiaries. SEG incorporated in 2001 and earlier known as AX 215 Verwaltungsgesellschaft mbH became a wholly owned subsidiary of the Company in 2002. AERT a wholly owned subsidiary of AERH which in turn is a wholly owned subsidiaryof the Company was incorporated in 2001 to engage in the development of technology for rotor blades a key component of WTGs.Further Suzlon Energy A/S a wholly owned subsidiary of the Company was incorporated in August 2004 to supervise the international marketing activities of the Company. It is proposed that the entire non-India marketing activities of the Company shall be coordinated through Suzlon Energy A/S. SWECO now a wholly owned subsidiary of the Suzlon Energy A/S was incorporated in 2001 to market the WTGsmanufactured by the Company in U.S.A. Further Suzlon Energy A/S has another wholly owned subsidiary Suzlon Energy Australia Pty Limited which was incorporated in 2004 to access the wind energy market in Australia. Suzlon Energy B.V. earlier known as AE-Rotor B.V. The Netherlands a wholly owned subsidiary of AERH which is a wholly owned subsidiary of the Company was incorporated in 2001 to market the rotor blades manufactured by the Company.Cannon Ball Wind Energy Park-I LLC (?Cannon Ball?) was incorporated as a limited liability company in July 2002 for the purpose of setting up a wind power project in North Dakota USA. Cannon Ball is a wholly owned subsidiary of SWECO which is a subsidiary of Suzlon Energy A/S. Further a representative office of the Company was also set up in China in 2003 to explore the Chinese market.