Suzlon Energy Ltd.

Suzlon Energy is currently trading at Rs. 25.40, up by 0.90 points or 3.67% from its previous closing of Rs. 24.50 on the BSE.

The scrip opened at Rs. 25.25 and has touched a high and low of Rs. 26.55 and Rs. 25.20 respectively. So far 15884357 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 32.35 on 10-Feb-2012 and a 52 week low of Rs. 14.75 on 31-Aug-2012.

Last one week high and low of the scrip stood at Rs. 25.65 and Rs. 18.45 respectively. The current market cap of the company is Rs. 4567.83 crore.

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

Suzlon Group, the world's fifth largest wind turbine supplier has received a notice to commence construction of the Cookhouse Wind Energy Facility located in the Eastern Cape Province of South Africa. Suzlon will supply 66 s.88 2.1 MW turbines to the project. The Cookhouse Wind Farm is the largest renewable energy project selected during Round One of the Department of Energy’s Renewable Energy Independent Power Producers Procurement Programme. Financial Closure was achieved in late December 2012 with construction commencing in January 2013.

The Cookhouse Wind Farm was developed in partnership with African Clean Energy Developments (ACED), a South African based renewable energy project developer owned jointly by African Infrastructure Investment Managers (a company held by Old Mutual Investment Group - South Africa - and Macquarie Capital) and AFPOC.

Working closely with its appointed Mandated Lead Arrangers, The Standard Bank of South Africa and Nedbank, ACED closed a financing package which notably includes a significant portion of Broad Based Black Economic Empowerment ownership.

Debt Finance will be provided by The Standard Bank of South Africa, Nedbank and Future growth Asset Management Proprietary whilst equity will be provided by AFPOC, African Infrastructure Investment Fund 2 Partnership, African Infrastructure Investment Fund 2 (Mauritius), Apollo Investment Partnership II, Old Mutual Life Assurance Company (South Africa) and the Cookhouse Wind Farm Community Trust.

The Cookhouse Wind Farm Community Trust holds 25 per cent equity in the project, foreseeing significant yield from the project, in addition to socio-economic development in the local communities. Local communities of Cookhouse, Bedford and Somerset East will be beneficiaries of the trust.