Suzlon Energy trades higher on the bourses

Suzlon Energy Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 532667 | NSE: SUZLON

01 Feb 2012 Evaluate

Suzlon Energy is currently trading at Rs. 28.85, up by 0.85 points or 3.04% from its previous closing of Rs. 28.00 on the BSE.

The scrip opened at Rs. 27.90 and has touched a high and low of Rs. 28.90 and Rs. 27.65 respectively. So far 49,04,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 58.45 on 21-Apr-2011 and a 52 week low of Rs. 17.25 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 29.05 and Rs. 26.15 respectively. The current market cap of the company is Rs. 5,127.00 crore.

The promoters holding in the company stood at 52.76% while Institutions and Non-Institutions held 13.38% and 33.70% respectively.

Suzlon Group, the world's fifth leading and India's largest wind turbine manufacturer has secured over 1GW of orders for its S9X suite of wind turbines. This latest product offering was launched by the company in April, 2011, and has since received strong acceptance from all customer groups across key markets including India, USA, Canada, Australia and Brazil.

The customers who have already placed major orders for S9X turbines with the company include - Mytrah Energy, CLP India, Orient Green Power, Coromandel Wind Energy, and Sprott Energy among others.

S9X turbines are certified by leading testing and certification agency Germanischer Lloyd, are already operational In India, Australia and USA and delivering uptime levels above the industry standard.

Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. 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.