Suzlon Energy Ltd.

Suzlon Energy is currently trading at Rs 19.50, up by 0.20 points or 1.04% from its previous closing of Rs 19.30 on the BSE.

The scrip opened at Rs.19.30 and has touched a high and low of Rs 19.55 and Rs 19.30 respectively. So far 633884 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 19.95 and Rs 18.55 respectively. The current market cap of the company is Rs 3430.32 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 leading and India’s largest wind turbine manufacturer has signed an equipment sale deal with ReNew Power Ventures (ReNew Power), for wind energy projects of 300MW to be developed across India. Suzlon will supply, supervise, operate and maintain the projects, while ReNew Power will act as a developer. ReNew Power is one of India’s leading IPP players and aims to play a vital role in meeting India’s growing energy needs.

Under the firm contract, Suzlon will supply 48 units of its latest S9X suite - comprising both S95 and S97 turbines to ReNew Power for a 100MW project in Maharashtra, for which development has already commenced. The framework agreement for a further 200MW will be converted into firm contracts based on completion of the site development by ReNew Power.

The S9X suite, which features larger rotor diameters, increased hub heights and technology enhancements, like the doubly fed induction generator (DFIG) technology, are designed to harness power efficiently from lower wind speed sites.

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.