Suzlon Energy gets additional working capital sanctions of Rs.2,300 crore

The company has received an additional sanction of working capital line of Rs.2,300 crore to meet its requirements for execution of sizable order backlog and pipeline.

Suzlon Energy jumped 2.2% to Rs.20.70 on BSE. The company has received an additional sanction of working capital line of Rs.2,300 crore to meet its requirements for execution of sizable order backlog and pipeline. These facilties will be catalyst to help Suzlon tap the growth opportunities in India and international markets. 

The scrip opened at Rs. 20.35 and has touched a high and low of Rs. 21.1 and Rs. 20.2 respectively. So far 15045358(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10078.86 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.35 on 19-Mar-2015 and a 52 week low of Rs. 14.15 on 23-Jan-2015. Last one week high and low of the scrip stood at Rs. 22.1 and Rs. 19.9 respectively.

The promoters holding in the company stood at 21.45 % while Institutions and Non-Institutions held 29.93 % and 48.41 % respectively.

The stock is currently trading above its 200 DMA.