Sailing with the Wind ; Suzlon's Takeover of Belgian Firm Hansen Is a Step Towards Its Goal of Emerging As the #1 Player in the World. Can Suzlon and Its Promoter Tulsi Tanti Pull It Off?
Summary
Suzlon energy was a largely unknown entity a year ago. Then came its Rs 1,500-crore initial public offering in October, 2005 and it has been in the news ever since. The scrip closed at Rs 1,306 on March 20, 2006 compared to its issue price of Rs 510. Its market capitalisation on that date: Rs 37,551 crore; the value of the 70 percent stake held in the company by promoter Tulsi Tanti and his family: Rs 26,203 crore. Only recently, Forbes ranked him on its annual list of billionaires. The one-time textile businessman, who ventured into the non-conventional power sector in 1995, had come a long way.
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Extract
Sailing with the Wind ; Suzlon's Takeover of Belgian Firm Hansen Is a Step Towards Its Goal of Emerging As the #1 Player in the World. Can Suzlon and Its Promoter Tulsi Tanti Pull It Off?
Suzlon is the world's largest wind turbine generator manufacturer in terms of market capitalisation
It enjoys a healthy order book position; it had or...See the full content of this document