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Suzlon surges on receiving additional working capital sanctions of Rs 2,300 crore

15 Jan 2016 Evaluate

Suzlon Energy is currently trading at Rs. 20.55, up by 0.35 points or 1.73% from its previous closing of Rs. 20.20 on the BSE.

The scrip opened at Rs. 20.35 and has touched a high and low of Rs. 21.10 and Rs. 20.20 respectively. So far 5342881 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.35 on 19-Mar-2015 and a 52 week low of Rs. 14.15 on 23-Jan-2015.

Last one week high and low of the scrip stood at Rs. 22.95 and Rs. 19.90 respectively. The current market cap of the company is Rs. 10302.51 crore.

The promoters holding in the company stood at 21.45% while Institutions and Non-Institutions held 29.93% and 48.41% respectively.

Suzlon Group has received an additional sanction of working capital lines (substantially non-fund based) of Rs 2,300 crore to meet its requirements for execution of sizable order backlog and pipeline. This will enable Suzlon to scale up its volumes. The additional working capital sanctions are over and above the existing working capital facilities of Rs 4300 crore. These facilities will be catalyst to help Suzlon tap the growth opportunities in Indian and international markets.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America. With over two decades of operational track record, the Group has a cumulative installation of approximately 1SGW of wind energy capacity, a workforce of over 7,500, a vertically integrated, low cast manufacturing base, strong in house R&D set up in Germany, the Netherlands, Denmark and India.

Suzlon Energy Share Price

52.94 2.68 (5.33%)
17-Apr-2026 16:59 View Price Chart
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