Suzlon Energy IPO off to a flying start

Suzlon Energy - India's wind turbine manufacturer who make machines from 350 kw to 2 mw in size - completed its listing on the Bombay Stock Exchange, with the issue reportedly oversubscribed more than 45 times. Suzlon  raised a total of INR 13.6bn (USD 310m).

The company also delivers turnkey wind farms (ones with all the necessary turbines and electrical infrastructure in place literally ready to turn on), most notably Asia's largest in  Vankusawade of 201 mw.

What's impressive is that Suzlon is reaching the required design standards of West European manufacturers - Germanische Lloyd - and is able to sell turbines as far afield as Minnesota USA. Assuming the de-industrialization of Western Europe continues, expect Suzlon to be a key benefactor.