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Buzzing stock: Suzlon Energy spikes on entry into Clean200 list and credit rating upgradation

By Apurva Joshi | 8/28/2017 12:17 PM Monday

Suzlon Energy has made it to the latest Clean200 list, featuring the world’s largest publicly traded companies making significant revenue from clean energy. Six other Indian companies have also managed to make it to the Clean200 list. Suzlon Energy has attained the 55th rank in this top 200 companies’ list.

The Clean200 list includes only those companies with over USD 1 billion of market capitalisation (at the end of Q32017) and those that earn more than 10% of total revenues from new energy sources.

On Friday, Suzlon Group, India’s largest renewable energy solutions provider, announced that Suzlon Global Services Limited (SGSL), its wholly-owned subsidiary, has received an upgrade to its credit rating for proposed long-term bank facilities to A (Provisional) credit rating with stable outlook. CARE ‘A’ ratings are considered to have adequate degree of safety regarding timely servicing of financial obligations, carrying low credit risk.

Suzlon Energy’s scrip closed at Rs 16.35 on Thursday. Today it opened at Rs 16.50 and touched intra-day high of Rs 16.80 in the morning session, showing an upside of 2.75%.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 18 countries in Asia, Australia, Europe, Africa, and North and South America. It has a cumulative installation of approximately 17 GW of wind energy capacity. Suzlon is the only Indian wind energy company with a large in‐house research and development (R&D) set‐up in Germany, the Netherlands, Denmark and India.

 

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Outlook for Steel industry

Pratik Shastri / Article rating: 3.3

World Steel Association published a report Short Range Outlook April 2019, in which it forecasted demand growth to be at 7 per cent in 2019 as well as 2020. This comes days after the Indian Steel Association report demand growth in the same range.

HCL Tech becomes premier Google Cloud partner

Advait Dharmadhikari / Article rating: 4.0

HCL Technologies (HCL) has become a Google Cloud Platform (GCP) Premier Partner. This will enable enterprises accelerate the adoption of GCP at scale. The partnership further strengthens HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos, Google Cloud’s new open cloud platform, helping its clients build and manage hybrid cloud services and modernise applications with containers and microservices architectures.

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Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

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Best and worst Performing Sector Funds of Year 2017

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Bank Nifty drags markets to close in the red

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Ten stocks close to their 52-week low

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Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.

Ten stocks close to their 52-week high

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The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.

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Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.