Once declared a dud stock, Suzlon has generated stellar returns for investors thus far this calendar year. On a year-to-date (YTD) basis, Suzlon's share price has doubled investor wealth by soaring 109.35 per cent on the bourses. By comparison, the benchmark BSE Sensex has gained just 11.2 per cent.
Some of the key names include: Maruti, M&M, Ashok Leyland, Britannia, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance," according to a report by Motilal Oswal Financial Services.
Tulsi Tanti, the founder chairman and managing director of Suzlon Energy and a renowned expert on renewable energy, died due to cardiac arrest on Saturday evening. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a company official said. He is survived by his daughter Nidhi and son Pranav.
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
Suzlon Energy has bagged an order from Spain for supplying 42.5 MW wind turbines.
Suzlon Energy, which is facing consumer complaints of faulty blades supplies, has shelved plans of setting up a tower manufacturing facility and suspended the process to increase its stake in REpower of Germany, in the context of the current financial turmoil.
Asia's largest integrated wind power company, Suzlon Energy has secured a contract from China-based Guohua Xilinguole New Energy and Source Co Ltd for a wind farm project.
Wind turbine manufacturer Suzlon Energy on Tuesday said it will raise funds through rights issue to repay its debt.
Suzlon Energy, the world's fifth largest wind turbine maker, has increased stake in its German subsidiary REpower Systems to 73.71 per cent by paying euros 65 million (around Rs 447 crore) to Portugal's Martifer SGPS, which owns 22.4 per cent stake in the German wind power manufacturer.
The latest crisis in the form of default to bondholders can be a crippling blow.
Suzlon Energy, one of the top five wind energy manufacturers in the world, plans to raise $500 million (Rs 2,000 crore) through the Qualified Institutional Placement (QIP) route to fund its expansion plans.
Suzlon made its initial tender offer for the shares of REpower supported by Martifer in February last year. The deal was structured in such a manner that Suzlon would buy Martifer's stake within two years for a price of ?265-270 million.
Wind energy major Suzlon Energy on Friday said its group firm in Spain has entered into a pact with EUFER to supply wind turbines to Spain and Portugal.
Senvion SE will give Suzlon licence for off-shore technology for the Indian market.
Armed with a counter offer, country's largest wind energy company Suzlon Energy is confident to acquire the German firm REpower but will refrain from getting into a bidding war if that hurts the interest of its shareholders.
'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'
Pune-based Suzlon Energy Ltd on Friday said its wholly owned subsidiary has bagged an order from China for supply of wind turbines.
Wind power major, Suzlon Energy has revised its offer price for REpower Systems to 150 Euro per share, with an acquisition of 7.7 per cent stake in the German firm.
A deal with Gamesa seen valuing firm at $3 billion.
Wind power major Suzlon Energy on Wednesday said it has bagged a contract from California-based Edison Mission Group for supply of 300 turbines.
Wind energy turbine maker Suzlon's founder-chairman, Tulsi Tanti, took a steep cut of Rs 1.46 crore (Rs 14.6 million) in compensation, as the company incurred losses last financial year.
Bondholders rejects the company's proposal seeking four-month extension to repay debt of nearly $221 million. Group chief financial officer Kirti Vaga expects an acceptable solution at the earliest.
The world's fifth largest wind turbine maker, Suzlon Energy, which has been grappling with quality issues with its rotor blades in the US and struggling to repay debt, finds itself in rough weather yet again -- this time in its home turf near Pune.
Suzlon is the world's largest wind energy turbine maker and is listed on the Bombay Stock Exchange.
The Sangli Civil Court has issued an order to the police officers at Sangli asking them to provide police protection to save the Suzlon Energy company's machinery, sub-stations, vehicles, employees and windmills.
Suzlon Energy, India's largest producer of wind turbines, has received approval from the German regulator
The deal will provide Suzlon with much needed liquidity.
Suzlon is also looking at South Africa as a possible manufacturing base to join the ones it already has in India, China, Germany and Brazil, but chief executive Tulsi Tanti said it was still too soon to provide further details of this.
Of the total project value of $5-billion, Suzlon Green Power will provide approximately $1.5 billion in equity. Suzlon Green Power will acquire existing green power assets and greenfield power projects. "Suzlon Green Power's business model will offer us an asset-based, long-term annuity income while mitigating the twin challenges of global warming and climate change.
The Rs 6,130 crore (Rs 61.3 bn) Suzlon Energy is all set to storm into the world's top four wind turbine manufacturers with the acquisition of the Hamburg-based REpower.
Suzlon Energy Ltd on Monday said its US subsidiary Suzlon Wind Energy Corporation has bagged turbine supply order from US-based Edison Mission Group.
Belgium-based Hansen Transmission, a Suzlon Energy subsidiary, has raised euro 400 million (about Rs 2,300 crore) by issuing 164 million shares through an initial public offering (IPO) to fund plans in India and China.
Pune-based Suzlon Energy Limited, the world's sixth largest wind turbine manufacturer, will establish a manufacturing base in Tianjin, a northern Chinese port city, to tap the booming Chinese market.
Wind power major Suzlon Energy on Friday announced the acquisition of German wind turbine manufacturer REpower after the French nuclear energy group decided to withdraw from the bidding contest.
Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
Suzlon Energy Ltd, a leading manufacturer of wind turbine generators on Friday, said its Netherlands-based wholly owned subsidiary AE-Rotor Holding BV, will acquire Belgium-based EVE Holding NV for Euro 465 million.
Sebi pulled them up for delay in amending insider trading norms.
Pips French co for third-largest German wind power company.
The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.
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