Suzlon celebrates 15 years with Company-wide stock options - 2010 April 18

http://www.evwind.es/noticias.php?id_not=5272

Mr.
Tulsi R. Tanti, founder, Chairman and Managing Director, said: "April
10, 2010 marked 15 years in the history of our Company, and we are very
pleased to take that opportunity to roll out this exciting initiative.



“What makes this ESOP initiative unique and important is its scale and
reach. At Suzlon we know our greatest strength is our employees. We have
created a highly skilled, diverse and multicultural workforce which has
become a part of the Suzlon global family. I have always believed that
those instrumental in creating wealth for the business should share in
that wealth. This initiative is making that dream a reality.”



"It is hard to believe that 15 years ago we started the Company with
just three people. Today, Suzlon Energy Limited and its subsidiaries
have almost 11,000 employees and a majority of them will be granted
1,500 share options each – totaling approximately 14 million shares, and
about one percent of the capital. We hope and trust that this
initiative of ours will not only make our employees true stakeholders
and drive greater engagement -but also that this is something which the
broader corporate community will now consider adopting too.



"I would like to thank everyone who has worked so hard to build Suzlon
up to where we are today - and look forward to celebrating our next
milestones with the entire Suzlon family."



This special ESOP scheme is far reaching – with a focus on inclusivity.
The scheme is open to all permanent employees of SEL and its
subsidiaries (excluding REpower and Hansen) who have completed six
months with the Company, and have not been granted ESOP under any other
scheme. In effect, the scheme reaches over 9,400 employees in 21
countries across five continents.



Eligibility – The scheme applies to all permanent employees of SEL and
its subsidiaries (excluding REpower and Hansen) having completed six
months of service as on 31st March 2010 and who have not been granted
ESOP under any other scheme.



Suzlon and REpower, ranked as the world’s third leading wind turbines
supplier in terms of market share in 2009. Suzlon has its corporate
offices in Pune, India and company’s global spread reflects in its wind
power projects and markets portfolio - extending across Asia, Australia,
Europe and North and South America.



Suzlon is a highly vertically integrated wind energy manufacturer with
manufacturing capability along the full value chain – from components to
complete wind turbine systems. 



Suzlon and REpower, if taken together, stand as the world’s third
leading wind power supplier group in terms of market share. Market share
of 9.8% is derived from BTM Consult ApS World Market Update 2009,
ranking Suzlon with 6.4 per cent of global market share and REpower with
3.4 per cent of global wind energy market share.





www.suzlon.com