to-the-point: Suzlon merges units into itself to achieve synergies
Suzlon wind turbine. Author: Suzlon Group. License: All Rights Reserved.
Indian wind turbine maker Suzlon Energy Ltd (BOM:532667) said on Wednesday it will merge some of its subsidiaries with itself in order to boost competitive strength, cut costs and optimise working capital.
In particular, it has merged SE Blades Ltd, SE Electricals Ltd and Suzlon Wind International Ltd into the company. At the same time, it demerged its tubular tower manufacturing division from another unit, Suzlon Structures Ltd, before absorbing it.
The group said it expects to achieve business and administrative synergies thanks to the above-mentioned moves.