SUZLON turbines in High Speed Wind

Suzlon Intraday Candlestick LIVEChart

Suzlon 1 year Candlestick Live chart :

My Reason for Buy
Suzlon is a good business and well-managed company. Progress in the company's debt restructuring exercise and revival in the wind energy market, analysts feel the tide is turning for the better for Suzlon Energy from next year.

Price to Book value ratio is attractive near 1.3, when compared to IPO issue time Price
to Book value ratio at 12.

Expected to improve EPR on latest order flow and acquisitions.

Recent Developments

• Australian Prime Minister Kevin Rudd opens Capital Wind Farm:
  Suzlon celebrated the official opening of Infigen Energy’s Capital Wind Farm in Bungendore in New South Wales by Australian Prime Minister Kevin Rudd. The 67 turbine wind farm, located just outside Australia’s capital Canberra, was delivered by Suzlon through a client-friendly turnkey contract that covered Engineering, Procurement and Construction.
  
• Suzlon receives 21 MW US order
  Suzlon Wind Energy Corp., the North American subsidiary of Suzlon Energy Limited (SEL) - announced a new order for the community-based Grant County Wind Farm in southwestern Minnesota, USA. Developed by Juhl Wind (Juhl) of Woodstock, Minn., the project consists of 10 Suzlon S88 2.1 MW wind turbines and at full capacity will produce 21 megawatts, enough energy to power 7,000 homes in the area.

• 954 megawatts for five projects in the Canadian
  Germany-based wind turbine maker REpower Systems AG, in which Suzlon Energy Limited through a subsidiary maintains 91% shareholding, announced the signing of a framework contract with EDF Energies Nouvelles and RES Canada which comprises the delivery of up to 954 megawatts for five projects in the Canadian province of Quebec, currently developed by the consortium Saint-Laurent Énergies, a Montreal based wind energy company jointly owned by EDF Energies Nouvelles Inc., RES Canada Inc. and Hydroméga Services Inc. The contract guarantees a minimum purchase capacity of 748 MW for deliveries between 2011 and 2015, and has options for an additional 206 MW - taking the total order size to 954 MW.
  
  Mr. Tulsi Tanti, Chairman & Managing Director, Suzlon Energy and Chairman of Supervisory Board of REpower Systems, said: "This is a historic order, one of the largest in the North American market. It underlines the REpower value proposition not just as the world leader in offshore wind technology, but onshore as well. The order lays the foundation for strong growth in the region and gives us visibility into the mid and long term."
  
  Per Hornung Pedersen, CEO - REpower Systems AG said after the signing: "We are delighted that we can today announce the largest onshore contract in our company’s history. The contract confirms our strategic partnership with our customers EDF EN and RES. This is a giant leap forward for REpower towards our establishment in Canada, and bolsters our intention of further growth in the whole of North America -Canada and the USA”.

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