Why Suzlon shares charged up to a 30% gain

31 Jan 2013, 10:23 AM IST

Suzlon's subsidiary REpower Systems has won a 350 MW order from Canada. This is the biggest project in the history of REpower.
Market regulator Securities and Exchange Board of India (Sebi) has disposed of proceedings against Suzlon Energy, its chairman Tulsi Tanti and four other executives after they together paid Rs 12 lakh to settle charges related to alleged delay in amending insider trading norms. (Read full story)
Last week, lenders to Suzlon Energy approved the wind turbine maker's corporate debt restructuring plan for $1.8 billion. The deal would give Suzlon, which defaulted on $200 million convertible bond redemption in October, enhanced working capital facilities by $350 million. (Read full story)