Feb 22, 2013, 10.04 AM | Source: CNBC-TV18
The Union Budget needs to provide good thrust to wind energy sector, if India has to meet its target of increasing new and renewable energy to 15 per cent by 2020.
"We are expecting positive news in the Budget which will support the renewables and also some good package for the wind industries," Tanti said adding that currently the sector is not really moving in a right direction and hence administrative support is extremely important.
Tanti pointed that Indian market almost collapsed in the current financial year due to several domestic and global factors. The Union Budget needs to provide support to industries and markets in general to bring forth much needed revival.
The renewable energy sector has become extremely competitive. Tanti, however believes that positive policy framework in countries like US and China will support the industry going forward in 2014-15.
Suzlon has been suffering due to high indebtness since sometime now. The company was referred to corporate debt restructuring (CDR) after it defaulted on payment of foreign currency convertible bonds (FCCBs) worth USD 221 million. The company's loans has been restructured to the tune of Rs 9500 crore, giving it two year holiday from interest payments.
Tanti said that good mechanisms and banking system in India is giving support to Suzlon's corporate debt restructuring and it will also help the company to take care of its FCCB bond holders.
Suzlon Energy stock price
On April 29, 2016, Suzlon Energy closed at Rs 14.99, up Rs 0.75, or 5.27 percent. The 52-week high of the share was Rs 28.00 and the 52-week low was Rs 12.80.
The company's trailing 12-month (TTM) EPS was at Rs 0.04 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 374.75. The latest book value of the company is Rs -2.79 per share. At current value, the price-to-book value of the company is -5.37.
Suzlon Energy has acquired five small solar compan
Suzlon Energy has acquired Gale Solarfarms Private
The Suzlon Group announced that it has successfull
"The project will be located in Andhra Pradesh and
The Suzlon Group has received maiden order of 105
The Suzlon Group today announced its maiden order
According to Angel Commodities , Oil prices are ex
Trading of CNX Nifty futures on the Singapore stoc