Speaking to CNBC-TV18, Ramesh said that a few top companies from the renewables space are likely to get listed and will receive a good response from the market.
Suzlon's purchase of German wind energy firm RePower, now renamed Senvion, for 1.4 billion euros (USD1.56 billion) in 2007 proved a costly mistake after the 2008 global financial crisis dented demand for wind turbines.
The stock did rally to a high of Rs 28 in August last year, but has been steadily slipping ever since. This, even as the company has been making good progress on lowering debt, winning orders, executing them and improving market share.
Suzlon plans to list its German subsidiary Senvion on the London Stock Exchange through an initial public offer which is likely to garner close to Rs 7,000 crore.
World's fifth largest wind turbine maker Suzlon plans to list its German subsidiary Senvion on the London Stock Exchange through an initial public offer which is likely to garner close to Rs 7,000 crore.
CNBC-TV18 learns from sources that the IPO size is likely to be around USD 600-750 million, with Suzlon diluting 40-50 percent of its total stake. This pegs REpower‘s expected valuation at USD 1.2 billion.
The transition to the new corporate design and name change will take place in the next year 2014.
The turbine maker sold the stake in its subsidiary Suzlon Energy Tianjin for USD 28 million to China's Poly LongMa Energy (Dalian). However, the company will continue to hold its 25 percent stake in its China arm.
REpower has had steady business from this particular France company. It has already supplied 21 such units of Turbines earlier.
Suzlon Energy shares plunged over 12 percent on Friday morning as the street slammed the wind turbine maker's third quarter results. Losses in Oct-Dec rose four-fold to Rs 1,155 crore, while total income slipped 20 percent to Rs 4,048 crore.
Debt-laden Suzlon Energy, which last month got formal approval from banks to restructure its loans, says it can raise about USD 0.5 billion from selling non-critical assets. However, Kirti Vagadia, its CFO, maintained that there is no plan to sell its German unit REpower, which is among the fastest growing in the industry.
Shares of wind turbine maker Suzlon Energy extended gains on Friday powered by a new order win in South Africa, coming on the back of arm REpower's biggest deal on Thursday.
Suzlon Energy shares surged over 8 percent on Thursday morning after the wind turbine maker announced its German subsidiary REpower had received its largest ever order to supply 175 turbines.
Suzlon Energy's German subsidiary REpower Systems has concluded a contract with WPD Europe, an arm of WPD AG, for the delivery of 51 wind turbines.
Wind-turbine maker Suzlon on Wednesday said that it has crossed the 20,000-mw of installed capacity operating across 32 countries.
State Bank of India, which has a Rs 3,500-crore of fund and non-fund based exposure to Suzlon Energy, today said the Pune-based wind power major should look at leveraging the balance-sheet of its German subsidiary RE Power, and a merger.
Loss-making wind turbine maker Suzlon today said its overseas subsidiary REpower Systems has bagged a 131.2 mw worth contract from Meridian Energy of Australia to supply 64 turbines for its wind farm project.
Wind turbine-maker Suzlon Energy today said its German subsidiary REpower bagged orders for supply of 219 mw machines worth 247 million euros in the June-July period from a number of clients in five international markets.
Wind turbine maker Suzlon Energy on Friday said it is in advanced stages to raise up to USD 300 million from new facilities to meet its FCCB (foreign currency convertible bonds) obligations in June.
Suzlon Energy has signed a contract for 50.4 MW wing power project with its Indian subsidiary Eoxis.
Wind turbine maker, Suzlon Group today said its UK subsidiary REpower has bagged an order from Renerco to supply eight turbines for its 16.4 MW Cotton Farm wind farm in Cambridgeshire, England.
Prabhudas Lilladher has come out with its earnings estimates on Suzlon Energy for March FY12. According to the research firm, company's Q4FY12 sales are likely to go up by 8% at Rs 7,961 crore, Year-on-Year (YoY) basis.
The management of German wind turbine maker REpower, owned by Suzlon Energy, favours floating a part of the group on the stock exchange in May or June, Germany's manager magazin reported, citing sources at the company.
REPower said that Suzlon Energy does not have access to company's 750 million euro loan, reports CNBC-TV18, quoting agencies.
Suzlon Energy has refuted the talk of Alstom eyeing REPower, reports CNBC-TV18. Meanwhile, in the month of March 2012 REPower has got 750 million euro bank loan.