Suzlon
in Pune, IndiaCategory: Attraction
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180/1-8, Keshav Nagar, Hadapsar, Pune, Maharashtra 411028, India Print route »
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Suzlon Energy Ltd. is a wind turbine supplier based in Pune, India. Formerly ranked by MAKE as the world's fifth largest wind turbine supplier, it has since dropped out of the Global top ten rankings (as of 2014) due to extensive losses and inability to repay debts.
The company's website claims to have over 17,000 MW of wind energy capacity installed globally, with operations across 18 countries and a workforce of over 8,000. In 2016, the company finally posted a profit EBITDA after losses over seven consecutive years.The company is listed on the National Stock Exchange of India (NSE:SUZLONEQ) and on the Bombay Stock Exchange (BSE:532667). Though once considered a favourable stock, and a favourite of the stock broker Rakesh Jhunjhunwala, it fell out of favour as the company posted continuous losses. It fell from a high of Rs. 68.75 in 2010 to a low of Rs. 18.5 in 2014, with a single day drop of 10% in September 2014. It continues to trade low at less than Rs. 17 per share in 2018.
