1. Analysis and few facts on Suzlon
Energy

2. Suzlon redeems FCCBs
• Not just one but 11 banks show confidence in
Suzlon with SBI leading the way! Way to go
SuzlonSuzlon is one of the few companies who
have honored their FCCB commitments in
recent times. That is very commendable.
While everyone was spreading rumors they
have done what they have committee.

3. • Indian banks are more conservative and
pragmatic and they have shown confidence in
Suzlon’s business model and management. I think
this is a very strong indication for everyone about
the fundamental strength of Suzlon. The Suzlon
book price is around 30Rs. The current fall to
18Rs was mainly due to the negative hangover of
the FCCB repayment. Now that, they have paid as
per commitment the share price is sure to go to
over 30Rs. It is a great time to buy Suzlon.

4. • The current lending actually reduces the
Suzlon debt by around INR200 crores. That is
fantastic and a very strong step into a great
future. There is still debt that needs reduction
but this is a great move. Suzlon has surprised
everyone not just by repaying the FCCB on
time but also because this lending is actually a
very low interest and the lowest interest
borrowing in the Suzlon debt basket

5. • The second tranche of FCCB payment will only
come up in October, and is much smaller
almost one third of current repayment, there
is enough time to handle that. Also with the
current payment on time the confidence in
the remainder debt payment is very high

6. • Suzlon energy, India’s largest wind turbine
manufacturer demonstrated great strength
and commitment by repaying it first tranche
of FCCB repayment in time. The company was
very well backed by a consortium of around 11
banks, most of them nationalized. This shows
the fundamental strength of the company’s
business model and management team.

7. • The company has been plagued by huge debt
issues and this repayment comes as a relief
also reducing the overall debt burden by
around INR200crs. Sources claim that the
current lending has been acquired at a very
low interest cost and the lowest interest cost
within the Suzlon debt portfolio. The market
can now expect the company’s share price
which had crashed to under INR18 to rise to
over INR 30 in the short term.

8. Thank you!