Suzlon Energy Ltd (SUZL.BO)
** Says potential large foreign currency bonds conversion, 35 pct of FY15 equity, will likely restrict near-term stock price upside
** Nomura starts coverage with a "buy" rating and a target price of 38 rupees
** INOX Wind's 10 bln rupees ($159.7 mln) IPO to hit market on March 18
- Note: Reuters has not verified this story and does not vouch for its accuracy
MUMBAI - A surge in demand for renewable energy in India coupled with a capital injection from the country's second-richest man will help wind turbine maker Suzlon Energy turn profitable after six years of losses, its chairman said.
* Sees average annual order book growth over 40 pct in 3 years
MUMBAI, March 3 - Indian wind turbine maker Suzlon Energy Ltd expects to turn profitable in the fiscal year starting on April 1 after six years of losses, helped by a surge in demand for renewable energy and a reduction in its debt, its chairman said.
CORRECTED-BRIEF-Suzlon Energy denies getting any proposal from Shanghvi for Co's energy assets (Feb 3)
(Correcting spelling of Shanghvi in the headline) Feb 3 - Suzlon Energy Ltd SUZL.NS: Clarifies on news report "Suzlon rises over Shanghvi "interest" in energy assets." Says has neither considered such proposal nor has been submitted any such proposal for consideration Source text: The Exchange had sought clarification from Suzlon Energy Ltd with respect to news appearing in Business Standard on February 03, 2015 titled "Suzlon rises over Shanghvi "interest" in energy assets." Suzl
(Corrects surname of Sun Pharma founder to Shanghvi, from Sanghvi)
MUMBAI, Feb 14 - The founder of India's Sun Pharmaceutical Industries Inc, Dilip Shanghvi, has agreed to buy a 23 percent stake in Indian wind turbine maker Suzlon Energy Ltd for about $290 million, the company said late on Friday.