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Suzlon falls most in 3 months on faulty blade report
Suzlon Energy Ltd., India's biggest maker of wind-turbine generators, declined the most in more than three months in Mumbai trading after a report that it faces problems over faulty blades for a project in China.
Suzlon fell 19 percent to 55.95 rupees, the most since Jan. 7. The stock has lost 10 percent this year.
April 16, 2009
by Archana Chaudhary and Gaurav Singh
in Bloomberg News
Suzlon Energy Ltd., India's biggest maker of wind-turbine generators, declined the most in more than three months in Mumbai trading after a report that it faces problems over faulty blades for a project in China.
Suzlon fell 19 percent to 55.95 rupees, the most since Jan. 7. The stock has lost 10 percent this year.
Ahmedabad-based Suzlon shares fell 84 percent last year on concern that its equipment was faulty as some U.S. customers canceled orders after the company's blades cracked. The stock's decline forced Suzlon to scrap plans for a $368 million rights offer aimed at raising funds to... [continue via Web link]
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