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21-Sep2012

Suzlon trades higher on the bourses

Suzlon Energy is currently trading at Rs. 17.03, up by 0.52 points or 3.15% from its previous closing of Rs. 16.51 on the BSE.

The scrip opened at Rs. 16.55 and has touched a high and low of Rs. 17.09 and Rs. 16.40 respectively. So far 1405284 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.35 on 22-Sep-2011 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. 17.48 and Rs. 16.20 respectively. The current market cap of the company is Rs. 3000.19 crore.

The promoters holding in the company stood at 52.76% while Institutions and Non-Institutions held 8.63% and 38.42% respectively.

Suzlon Group-subsidiary - REpower Systems SE, has signed a contract with WSB Neue Energien GmbH for the delivery and construction of 22 REpower MM92 wind turbines. The turbines, each with a rated power of 2.05 megawatts (MW), are intended for the Taczalin project near Legnica in the Polish province of Lower Silesia. The construction and commissioning of the wind farm, which will have a total power output of 45.1 MW, are scheduled for completion in August 2013.

In August 2011, Dresden-based WSB commissioned a wind farm near Opole, its first in Poland. Now, 15 REpower MM 92- turbines supply around 41,000 households with eco-friendly electricity. REpower has already set up two service support points in Poland for the maintenance of its turbines installations there.

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.


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