Suzlon Energy soars 3.5% amid high volumes

Suzlon Energy, country's largest wind turbine supplier, rose 3.5 percent on Wednesday after sources indicated that Indian lenders are eyeing a share of Suzlon's RE-Power cash flows.

CNBC-TV18 learns from sources that Suzlon is likely to either convince lenders to RE-Power to remove some of the restrictions on Indian banks being able to access cash flows from the European unit or switch some of its lenders in the next three months.

At 12:29 hours IST, the share gained 3.5 percent to Rs 14.22 on Bombay Stock Exchange.

Trading volumes increased 50 percent to 21,16,160 equity shares as compared to its five-day average of 14,11,000 shares.

The share touched its 52-week high Rs 26.90 and 52-week low Rs 13.20 on 06 February, 2013 and 22 March, 2013, respectively.