Suzlon Energy Ltd.

Suzlon Energy is currently trading at Rs. 18.05, up by 0.45 points or 2.56% from its previous closing of Rs. 17.60 on the BSE.

The scrip opened at Rs. 17.85 and has touched a high and low of Rs. 18.55 and Rs. 17.45 respectively. So far 67,60,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 55.80 on 25-Jul-2011 and a 52 week low of Rs. 17.00 on 05-Jun-2012.

Last one week high and low of the scrip stood at Rs. 18.55 and Rs. 17.00 respectively. The current market cap of the company is Rs. 3,208.00 crore.

The promoters holding in the company stood at 52.76% while Institutions and Non-Institutions held 14.04% and 33.02% respectively.

Suzlon Group, the world’s fifth largest wind turbine manufacturer, has signed an expression of interest (EoI) with Government of Karnataka to develop 2,500 megawatt (MW) of new wind power capacity in the state between 2012 and 2017. The company will invest about Rs 15,000 crore for the same.

The EoI covers the development of new capacity in wind farms across the state, with developments planned in the district of Bijapur, Chitradurga, Tumkur, Dharwad, Chikmangalore, Raichur, Mysore, Belgaum and Bagalkot.

As per the EoI, the Karnataka Government will obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the state.

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.