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Suzlon Energy spurts on its fund raising plans

06 May 2013 Evaluate

Suzlon Energy is currently trading at Rs 14.46, up by 0.28 points or 1.97% from its previous closing of Rs 14.18 on the BSE.

The scrip opened at Rs 14.30 and has touched a high and low of Rs 14.55 and Rs 14.30 respectively. So far 448698 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 26.90 on 06-Feb-2013 and a 52 week low of Rs 13.20 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs 14.87 and Rs 13.92 respectively. The current market cap of the company is Rs 3022.38 crore.

The promoters holding in the company stood at 44.46% while Institutions and Non-Institutions held 16.16% and 39.14% respectively.

In a bid to trim down its debt pile of about Rs 14,600 crore, world’s fifth largest wind turbine- maker Suzlon Energy is planning to raise up to $400 million by selling its non-core assets. In this regard, the company has identified 15 non-core assets, mostly in overseas markets like China, US, etc, which it plans to sell in the next 12-18 months in a phased manner.

The company has already initiated the process to sell stake in its wholly-owned Chinese subsidiary Suzlon Energy Tianjin, through which it will realise $ 60 million or Rs 338 crore.

Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

54.06 -1.17 (-2.12%)
10-Jun-2026 16:01 View Price Chart
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Company Name CMP
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Apar Inds 14061.00
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