Suzlon Energy in demand on aiming to secure $1 billion new orders every quarter

28 Nov 2011 Evaluate

Suzlon Energy is currently trading at Rs 23.30, up by 1.00 points or 4.48% from its previous closing of Rs 22.30 on the BSE.

The scrip opened at Rs 23.00 and has touched a high and low of Rs 23.40 and Rs 22.80 respectively. So far 2011126 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 58.45 on 21-Apr-2011 and a 52 week low of Rs 21.10 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs 24.40 and Rs 21.10 respectively. The current market cap of the company is Rs 3963.53 crore.

The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 16.67% and 28.33% respectively.  

Pune-based world’s fifth largest wind turbine maker, Suzlon Energy has set a target of securing $1 billion worth of new orders every quarter for the next few years. In this regard, the company is working on value engineering by introducing new products like the S9X series of turbines that will not only enable us reduce cost, but also give the company a competitive advantage in the market.

The company has created the S9X suite of low wind speed turbines - S95 and 7, with a 2.1 MW rating for all markets, which is advancement over the successful S88 wind turbines. The 2 MW-class turbines come in two variants of 90-m and 100-m hub heights and the rotor diameter of 95 m and 97 m.

Suzlon has also started working on manufacturing products in the 9X suite, with a capacity of 3 MW and 6 MW. While the 2 MW turbines are designed for developing markets, the 3 MW will cater to the developed markets and the 6 MW for the offshore markets.

At present, wind power major’s order-book stands at $7 billion and has a top-line of $5 billion. Suzlon energy’s 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.

Suzlon Energy Share Price

63.93 -0.24 (-0.37%)
23-Dec-2024 15:14 View Price Chart
Peers
Company Name CMP
Havells India 1663.80
Siemens 6818.35
Apar Inds 10179.00
Waaree Energies 2934.40
ABB India 6963.25
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.