Suzlon Energy ... News/Views
SUZLON ENERGY- CMP- 18.20
1. RE power which was bleeding Suzlon has been sold.
2. Debt from Rs.21000 Crores has been reduced to Rs.9000 cores.
3. Interest cost is being reduced through low cost debt swaps.
4. Wind mills with higher load factor of 40% (earlier 20%) have been introduced which are viable on their own without any fiscal support (Without accelerated depreciation)-this will improve order position and sales.
5. Solar plants are being installed at the wind mill sites-saving on cost of land and grid connection.
6. Qualitative management joining hands-Sun Pharma promoters having a stake of 20%.
7. Government announcement regarding wind and solar farms -The main objective of the policy is to provide a framework for promotion of large grid connected wind-solar PV system for optimal and efficient utilisation of transmission infrastructure and land, reducing the variability in renewable power generation, thus, achieving better grid stability.
8. India has set an ambitious target of reaching 175 GW of installed capacity from renewable energy sources including 100 GW from solar and 60 GW from wind by 2022. Various policy initiatives have been taken to achieve this target. The country has already crossed a mark 26.8 GW of wind and 7.6 GW of solar power installed capacity during May 2016.
9. Bull run in the stock market.
Suzlon Group has bagged an order for 58.80 MW wind power project to be set up in Dewas district of Madhya Pradesh.
SUZLON ENERGY- CMP- 18.20
Nine reason - why Suzlon will touch Rs.100 in one year.
1. RE power which was bleeding Suzlon has been sold.
2. Debt from Rs.21000 Crores has been reduced to Rs.9000 cores.
3. Interest cost is being reduced through low cost debt swaps.
4. Wind mills with higher load factor of 40% (earlier 20%) have been introduced which are viable on their own without any fiscal support (Without accelerated depreciation)-this will improve order position and sales.
5. Solar plants are being installed at the wind mill sites-saving on cost of land and grid connection.
6. Qualitative management joining hands-Sun Pharma promoters having a stake of 20%.
7. Government announcement regarding wind and solar farms -The main objective of the policy is to provide a framework for promotion of large grid connected wind-solar PV system for optimal and efficient utilisation of transmission infrastructure and land, reducing the variability in renewable power generation, thus, achieving better grid stability.
8. India has set an ambitious target of reaching 175 GW of installed capacity from renewable energy sources including 100 GW from solar and 60 GW from wind by 2022. Various policy initiatives have been taken to achieve this target. The country has already crossed a mark 26.8 GW of wind and 7.6 GW of solar power installed capacity during May 2016.
9. Bull run in the stock market.
Suzlon Group has bagged an order for 58.80 MW wind power project to be set up in Dewas district of Madhya Pradesh.
Suzlon Group has won a repeat order from leading Independent Power Producer (IPP) for a 58.80 MW capacity wind power project in Madhya Pradesh,Suzlon said in a statement.
According to the statement, the project comprises 28 units of S97-120 m hybrid towers with rated capacity of 2.1 MW each and is scheduled for completion by March 2017.
Suzlon will be responsible for the entire project lifecycle which includes wind turbine supply, construction and commissioning as well as operations, maintenance and services of the project for a period of 12 years.
Suzlon will be responsible for the entire project lifecycle which includes wind turbine supply, construction and commissioning as well as operations, maintenance and services of the project for a period of 12 years.
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The project is capable of powering 32,000 households and reducing 0.12 million tonnes of CO2 emissions per annum.
We are custodians of over 9.5 GW wind assets in India and this industry experience is unparallelled. Over two decades of experience, pan-India presence, robust technology, innovative and reliable products and massive service capabilities give us the confidence to further enhance our market share in India, Suzlon Group CEO JP Chalasani said.
Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.
Share price of Suzlon Energy gained nearly 3 percent intraday Thursday as it has won repeat order from leading independent power producer (IPP) for 58.80 MW capacity wind power project in Madhya Pradesh, India. The project includes 28 units of S97-120 m hybrid towers with rated capacity of 2.1 MW each and is scheduled to be completed by March 2017. The project is capable of powering around 32000 households and reducing approximately 0.12 million tonnes of C02 emissions per annum. The company will be responsible for the entire project lifecycle which includes wind turbine supply, construction and commissioning as well as operations, maintenance and services of the project for a period of 12 years. At 10:51 hrs Suzlon Energy was quoting at Rs 18.40, up Rs 0.20, or 1.10 percent on the BSE.
Happy Investing
Share price of Suzlon Energy gained nearly 3 percent intraday Thursday as it has won repeat order from leading independent power producer (IPP) for 58.80 MW capacity wind power project in Madhya Pradesh, India. The project includes 28 units of S97-120 m hybrid towers with rated capacity of 2.1 MW each and is scheduled to be completed by March 2017. The project is capable of powering around 32000 households and reducing approximately 0.12 million tonnes of C02 emissions per annum. The company will be responsible for the entire project lifecycle which includes wind turbine supply, construction and commissioning as well as operations, maintenance and services of the project for a period of 12 years. At 10:51 hrs Suzlon Energy was quoting at Rs 18.40, up Rs 0.20, or 1.10 percent on the BSE.
Happy Investing
Source:Moneycontrol.com
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