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Tulsi Tanti on Suzlon, life, and business

August 1, 2008

Why did Edison cancel the order?

There was no design defect but a part of the blade didn't have the requisite tensile strength. We entered the market in 2003 with a small order and spent the whole of 2004 and 2005 studying conditions, grid structure overseas, environment, temperatures and have done a lot of research.

We have been able to fix that. There can be teething troubles, which people don't seem to understand.

For how many clients are you retrofitting blades?

We are retrofitting blades for around five clients in the USA, Portugal and Brazil. Till date, we have provided a sum of around Rs 120 crore (Rs 1.20 billion) in the last quarter of FY08 to retrofit 1,251 blades.

There is also a general balance sheet provision of Rs 595 crore (Rs 5.95 billion). Apart from this, we have not received any additional complaints from customers. We do not see any increase in the debtors position because of the cracked blades.

Also, a few customers cancelling orders cannot impact us. We can go to different geographies.

Image: Tulsi Tanti, chairman, Suzlon, in London. | Photograph: Getty Images

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