Year: 2007

Suzlon Energy is reportedly planning to invest around 1 billion euro (Rs 5,600 crore) to nearly triple its production capacity by 2009. The expansion plan would raise Suzlon’s turbine production capacity in India from 2,700 mega watt (MW) now to 5,700 MW by the close of fiscal March 2009.

The report suggested that company also plans to raise its capacity to produce wind gearboxes, made by its unlisted Belgian subsidiary Hansen Transmissions, to 9,300 MW by 2009.

Suzlon’s order book stands at around $3.5 billion, up from $3.3 billion in July 2007, with most of the orders from outside India.

At the current price of Rs 1392.85, the scrip trades at a PE multiple of 112.05, based on Q1 June 2007 annualised EPS of Rs 12.43.

Diamond Cables has announced the receipt of orders for 2750 transformers, out of which 1350 transformers are for 63 KVA, and 1400 transformers for 16 and 10 KVA. These orders are to be executed by company’s wholly owned subsidiary Diamond Power Transformers (western transformers) before 31 March 2008. The company’s wholly owned subsidiary order booking position exceeds Rs 70 crore and the capacity is totally booked till 30 June 2008.

Harita Seating Systems, a leading seat manufacturer for tractors, passenger busers etc in the country has announced issue of bonus shares in the ratio of [1:1] one equity share of Rs 10 each for every one-equity share of Rs 10 each held.

Banco Products India has scheduled a meeting of the board of directors to on 26 September 2007 to consider sub-division of the face value of the equity shares.

Recently the company had issued bonus shares in the ratio 1:1.

Batliboi announced during the market hours today, 13 September 2007 that it has fixed 4 October 2007 as the record date for the purpose of stock split from the present face value of Rs 10 to Rs 5 each.

Net profit of Batliboi rose 39.90% to Rs 2.77 crore on a 24.98% rise in sales to Rs 30.52 crore in Q1 June 2007 over Q1 June 2006.