Suzlon Energy, India’s largest wind turbine maker, plans to divest its entire 26% stake in Hansen Transmissions International [HSN LN], its Belgian gearbox technology unit, as
doesn’t see major future benefits from retaining the interest. Two private equity firms, including a US energy fund, are reportedly interested in purchasing Suzlon’s stake, which is worth an estimated [...]

Suzlon Energy’s consolidated fiscal 3Q 2009 NI came to INR141 mn ($3.05 mn) on Revenues of INR55.9 bn, after a INR648.7 mn Net Loss in 3Q 2008, beating Bloomberg consensus estimate of a Net Loss of INR389 mn. Consolidated Revenues were down by 19.2% YoY. However, the bottom line was brought into the black by [...]