Suzlon Energy eyeing to increase global market share

03 Aug 2011 Evaluate

Suzlon Energy, Indian wind turbine maker is eyeing to increase its market share in global space. The wind turbine maker is targeting the global market share to 9-10 percent this year from 7 percent last year. The growth which will be driven by Europe, emerging markets and the offshore turbine segment will help company to grow faster than the wind industry growth rate of 15 percent in coming years.

The company is also considering setting up a manufacturing facility in South Africa next year. The world's fifth-largest wind-turbine maker is under pressure for nearly two years because of slowing sales and rising interest costs on huge debts.

Besides, Suzlon Energy’s promoters have pledged 36% of their stake in the company. One of the promoters, Pranav Tanti pledged 72% of the total number of shares held by him in the company. It accounts for 2.39% shares of the company. Sanman Holdings, another promoter, has revoked pledged shares of the company which account for 1.97% stake. With these pledging of shares by the promoters, the total percentage of shares pledged stands at 35.83%.

Suzlon Energy Share Price

64.17 -2.86 (-4.27%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1657.35
Siemens 6867.05
Apar Inds 9934.25
Waaree Energies 2877.90
ABB India 6923.80
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.