August 17, 2011

Suzlon receives 48.3 MW repeat order from Indian Oil Corporation Ltd.

• Order for 23 S88 – 2.1 MW turbines
• Second order with Suzlon; takes IOCL’s total wind installations to over 69 MW with Suzlon
• Project to come up in Andhra Pradesh in Q4 FY12

Pune: Suzlon Energy Limited (SEL), the world’s fifth largest* and India’s largest wind
turbine manufacturer, has won a second order from the Indian Oil Corporation Ltd. – a
‘Maharatna’ PSU and Fortune 500 company – to set up, operate and maintain wind energy
projects of 48.3 MW in the state of Andhra Pradesh, India. The order comprises of 23 units
of Suzlon’s S88 – 2.1 MW wind turbines, and the power generated will be sold to the local
power utility.

Indian Oil is India's flagship national oil company and ranked 98th in the Fortune 'Global
500' listing for the year 2010. The energy major has placed strong focus on sustainable
energy solutions, with an emphasis on exploring and diversifying into alternative energy
sources, including wind.

The Corporation’s first foray into wind – a 21 MW wind project in the Kutch district of
Gujarat, and also built by Suzlon – came on line in January 2009. This project earned the
distinction of being one of the quickest commissioned among large wind projects in the
country. The project has been submitted for registration under the CDM mechanism for
carbon credits, to be followed by the Andhra Pradesh project.

Speaking on the order, Mr. Tulsi R. Tanti, founder, Chairman and Managing Director -
Suzlon Group, said: “This is Indian Oil’s second project with Suzlon, and we are extremely
pleased to build on the trust and confidence placed in us and look forward to a long
association. Indian Oil is a key pillar of India’s energy infrastructure and plays a critical role
in fueling the country’s economic growth. Indian Oil has set a benchmark for the industries -
not only in public sector but also the private sector - with its conscious choice of wind to
secure its own energy needs and mitigate global warming.” 

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