1. Analysis and few facts on SuzlonEnergy

2. Suzlon redeems FCCBs Not just one but 11 banks show confidence inSuzlon with SBI leading the way! Way to goSuzlonSuzlon is one of the few companies whohave honored their FCCB commitments inrecent times. That is very commendable.While everyone was spreading rumors theyhave done what they have committee. 3. Indian banks are more conservative andpragmatic and they have shown confidence inSuzlons business model and management. I thinkthis is a very strong indication for everyone aboutthe fundamental strength of Suzlon. The Suzlonbook price is around 30Rs. The current fall to18Rs was mainly due to the negative hangover ofthe FCCB repayment. Now that, they have paid asper commitment the share price is sure to go toover 30Rs. It is a great time to buy Suzlon. 4. The current lending actually reduces theSuzlon debt by around INR200 crores. That isfantastic and a very strong step into a greatfuture. There is still debt that needs reductionbut this is a great move. Suzlon has surprisedeveryone not just by repaying the FCCB ontime but also because this lending is actually avery low interest and the lowest interestborrowing in the Suzlon debt basket 5. The second tranche of FCCB payment will onlycome up in October, and is much smalleralmost one third of current repayment, thereis enough time to handle that. Also with thecurrent payment on time the confidence inthe remainder debt payment is very high 6. Suzlon energy, Indias largest wind turbinemanufacturer demonstrated great strengthand commitment by repaying it first trancheof FCCB repayment in time. The company wasvery well backed by a consortium of around 11banks, most of them nationalized. This showsthe fundamental strength of the companysbusiness model and management team. 7. The company has been plagued by huge debtissues and this repayment comes as a reliefalso reducing the overall debt burden byaround INR200crs. Sources claim that thecurrent lending has been acquired at a verylow interest cost and the lowest interest costwithin the Suzlon debt portfolio. The marketcan now expect the companys share pricewhich had crashed to under INR18 to rise toover INR 30 in the short term. 8. Thank you!