Home » Wind

Category Archives: Wind

HSBC downgrades Suzlon Energy on FCCB conversions

According to reports, HSBC downgrades Suzlon Energy to ‘hold’ (earlier overweight) and set a fair value target price of Rs 32. Our fair value target price implies an FY17e EV/ebitda of 13.4x. A delayed cash inflow from the asset divestment is a key downside risk to our investment thesis, while a faster-than-expected capacity utilisation ramp-up is a key upside risk. Suzlon appears to be on track to complete the divestment of Senvion for R7,200 crore and infuse fresh equity of ... Read More »

Shanghvi offers to buy another 26 pc stake in Suzlon Energy

According to reports, Dilip Shanghvi Family and Associates have made an open offer to buy another 26 percent stake for Rs 2,837 crore in Suzlon Energy, a Pune-based wind energy leader ranked as world’s 6th largest wind OEM in terms of cumulative capacity with 7.1 percent share and 7th based on market share of 4.9 percent in 2014. According to a leading news website, shares of Suzlon Energy is to remain in focus, as the open offer from Dilip Shanghvi ... Read More »

Wind energy companies Gamesa, Suzlon & Mytrah infusing huge funds into solar energy

According to reports, big wind energy companies in India such as Gamesa, Mytrah and Suzlon are all diversifying into solar space this year with plans to invest several hundred million dollars in the next five years in installing thousands of solar megawatts, given the government’s impetus to the sector. While London’s Alternative Investment Market (AIM)-listed Mytrah Energy (India) Ltd, which is an independent power producer, plans to invest a total of $400 million, of which $100 million would be in ... Read More »

HSBC downgrades Suzlon Energy

According to reports, HSBC downgrades Suzlon Energy to “hold” from “overweight”. Potential large foreign currency bonds conversion, 35% of FY15 equity, will likely restrict near-term stock price upside, says HSBC. According to Thomson Reuters Eikon datat, stock had 2 buy ratings only. Suzlon rose 2.5% on Thursday on rival Inox Wind’s and Nomura recently started coverage on the stock with a “buy” rating and a target price of Rs. 38 rupees. Read More »

Tamil Nadu’s installed wind energy capacity goes up

According to reports, the State has added about 180 MW to its existing wind energy capacity during the last 12 months, taking the total installed wind energy capacity to 7,480 MW. K. Kasthurirangan, chairman of India Wind Power Association, told The Hindu on Thursday that less than 100 MW was added in the State during the previous year (2013-2014), since the Centre had withdrawn the accelerated depreciation scheme. The programme was beneficial to small-scale investors in the wind energy sector. ... Read More »

Inox Wind surges 31% in debut trade

According to reports, shares of wind turbine manufacturer Inox Wind Ltd rose as much as 31% above its issue price to touch Rs.426 on Thursday, after debuting on the BSE at Rs.400. At 10.24am, the shares were trading at Rs.415, up 27.78%. Inox Wind had issued shares at Rs.325 in its initial public offering (IPO) which was oversubscribed by 18 times. The company raised around Rs.700 crore in the IPO. Inox Wind’s parent Gujarat Fluorochemicals Ltd is selling 10 million ... Read More »

Wind power installations marginally up in 2014-15

According to reports, India’s wind power capacity increased in 2014-15 by 2,297 MW, marginally higher than its achievement of 2,146 MW in the previous year. Wind turbine manufacturers Gamesa, ReGen Powertech and Inox performed better, seizing market shares from GE, Vestas, Leitner Shriram and Kenersys. Suzlon was almost flat. These numbers are lower than what the industry had hoped at the beginning of the year. However, Madhusudhan Khemka, Chairman of the Indian Wind Turbine Manufacturers’ Association, said that the industry ... Read More »

Scroll To Top