Suzlon surges on plan to raise $650 million to prepay its forex debts

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

25 Mar 2013 Evaluate

Suzlon Energy is currently trading at Rs. 13.60, up by 0.25 points or 1.87% from its previous closing of Rs. 13.35 on the BSE.

The scrip opened at Rs. 13.95 and has touched a high and low of Rs. 14.10 and Rs. 13.55 respectively. So far 2161163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.45 on 23-Mar-2012 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. 15.25 and Rs. 13.20 respectively. The current market cap of the company is Rs. 2461.65 crore.

The promoters holding in the company stood at 50.65% while Institutions and Non-Institutions held 9.95% and 39.19% respectively.

Country’s largest wind turbine supplier, Suzlon Energy is all set to raise $650 million through issue of dollar-denominated bonds in overseas markets. The company will use the raised fund to prepay its forex debts. The bond sale is a part of the debt restructuring package announced on January 24 by beleaguered Suzlon Energy.

Earlier this year, the company received formal approval of its proposal for the restructuring of domestic debt by the Empowered Group of Corporate Debt Restructuring (CDR) Cell. The company's domestic lenders, a consortium of 19 banks has approved CDR package of Rs 9,500 crore / $1.8 billion.

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

53.92 0.28 (0.52%)

10-Jul-2026 16:59 View Price Chart

Peers

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Havells India	1188.25
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ABB India	6833.55
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