Suzlon Energy has acquired five small solar companies for an undisclosed sum to implement various renewable energy projects across the country. “The company has acquired Gale Solarfarms, Tornado Solarfarms, Abha Solarfarms, Aalok Solarfarms and Shreyas Solarfarms to implement various renewable energy projects across the country, including the recently won solar projects in Maharashtra of 70 MW,” Suzlon said in a BSE filing. These companies, which have been acquired at face value, do not have any operations or assets currently and have been acquired primarily to be used as SPVs for the proposed solar project, the wind energy solutions provider added. Suzlon Energy stock price On April 18, 2016, Suzlon Energy closed at Rs 15.28, up Rs 0.70, or 4.80 percent. The 52-week high of the share was Rs 28.00 and the 52-week low was Rs 12.80. The company’s trailing 12-month (TTM) EPS was at Rs 0.04 per share as per the quarter ended December 2015. The stock’s price-to-earnings (P/E) ratio was 382. The latest book value of the company is Rs -2.79 per share. At current value, the price-to-book value of the company is -5.48.
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