The improvement in profits was mainly due to its sale of a 35% stake in Belgium based wind turbine gearbox manufacturer Hansen Transmissions for £224 m. Suzlon still has a 26% share in Hansen, although Indian newspapers have reported that it is close to a deal to sell this to one of two private equity firms.
It was also due to the completion of Suzlon’s retro-fit program to fix cracks in some of its turbine blades, which saw it incur a charge of 2.33
