Suzlon to invest ₹550 crore to set up 3 AI-powered blade factories by 2027
Suzlon Group is investing around Rs 550 crore to set up three AI-powered blade factories to fast-track execution of its order book and meet the rising demand of the domestic wind industry, company co-founder Girish Tanti said.
While two blade facilities have been planned for Gujarat and Karnataka, the third will come up in Tamil Nadu, Tanti told PTI in an interaction.
Suzlon already has five blade factories in Jaisalmer, Bhuj, Ratlam, Dhule and Anantapur.
With the addition of the three units, Suzlon will have India's largest smart wind manufacturing capacity with a total of 18 factories.
When asked about investment in these new factories, Tanti said the company has earmarked capex of Rs 550 crore for the three projects, funded from internal accruals.
Rs 200 crore is for the Tamil Nadu project; the remaining will be utilised for Gujarat and Karnataka facilities.
He said these factories will be closer to wind project sites to improve logistics.
The estimated time period for setting up
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