Suzlon Energy is primarily engaged in the business of manufacturing wind turbine generators and related components of various capacities.
The major plants in India are located at Daman, Vadodara, Chakan, Chopadva, Coimbatore & Jaisalmer.
The SBICAP Trustee had earlier mentioned in its regulatory filing the company name as Adani Green Ltd, instead of Suzlon Energy.
With the recent pledge, the total number of Suzlon Energy's shares pledged with SBICAP Trustee stands at about 97.10 lakh or 9.92 per cent.
The SBICAP Trustee, a group company of State Bank of India acts as a security/debenture/share pledge trustee and is not in the business of lending money.
Vadodara is the key manufacturing plant of Suzlon. For FY21, the plant dispatched 122 transformers total 256.2 MV, it repaired 84 transformers and overhauled 153 transformers at various sites in Gujarat & Karnataka.
Chakan is committed to generator manufacturing & services. For FY21, Suzlon manufactured 94 generators leading to 197.4 MV, dispatched 111 generators leading to 233.1 MV, and repaired 164 generators.
The Kutch plant is responsible for tower manufacturing. For FY21, 101 tubular towers total 212.10 MV were manufactured & dispatched 138 tubular towers of 289.8 MV.
Wind Turbine Generator - 65% ,
Foundry & Forging – 7% ,
Operations & Maintenance Service (OMS) – 27%,
Others – 1% of the revenue.
Why Downfall :
During 2008, the company had global ambitions and took a lot of debt for acquiring foreign companies during the peak levels of the global economic cycle. The company was hugely indebted and consequently company's market cap eroded by >95%.
Co. was on the verge of Bankruptcy.
Its Recovery:
However, it slowly started to recover in 2014 capturing a 20% market share of the Indian Wind Turbine Market.
Pros :
Company is expected to give good quarter
Debtor days have improved from 125 to 76.4 days.
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