TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures and bank nifty future market closed at 10505/ 25667.ACCORDING To technical

analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then

10540/26000 will be next resistance level, if it break this level then nifty futures and bank nifty

future can touch 10670 / 26200 level . It will be hard resistance. Meanwhile in reveres there is

support on 10350/ 25400 for nifty futures and bank nifty future after breaking this support with

volume there is big support for nifty futures and bank nifty future on 10050/25000

Tuesday, 26 December 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) MCX DAILY LEVELS

NIFTY

DAILY R2 R1 PP S1 S2

10668 10550 10492 10433 10315

WEEKLY R2 R1 PP S1 S2

11724 10815 10360 9905 8995

MONTHLY R2 R1 PP S1 S2

11510 10700 10295 9891 9081

BANK NIFTY

DAILY R2 R1 PP S1 S2

26020 25780 25663 25544 25305

WEEKLY R2 R1 PP S1 S2

30540 26950 25155 23358 19766

MONTHLY R2 R1 PP S1 S2

28595 26582 25575 24568 22555

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 10318 10322 10142 9810

BANK NIFTY 25445 25321 24878 23821

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 10086 9817 7674

BANK NIFTY 25988 21517 16225

PATTERN FORMATION ( NIFTY )

Detail of Chart - Last week nifty future open at 10201 and made high of 10514 and low of

10060 moves in upside direction almost 300 points and moves around its life time high if nifty

can sustain this lvel it can go further upside direction.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart - Last week bank nifty future open at 25111and made high of 25795 and low of

24000 moves 1800 almost 500 point showing its bearish trend next support for banknifty is

26000.IF Bank niftty can break this level than it shows further downward direction. Sma 21

days shows it upside movement if banknifty can sustain level of 25500 ,then it again can go upto

the level of 260000.

NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2

ADANIPORTS EQ 449 424 413 399 388

AMBUJACEM EQ 291 279 273 266 261

ASIANPAINT EQ 1214 1171 1155 1128 1112

AUROPHARMA EQ 750 715 699 680 663

AXISBANK EQ 596 572 563 548 539

BAJAJ-AUTO EQ 3729 3503 3423 3277 3197

BAJFINANCE EQ 2053 1892 1834 1731 1673

BHARTIARTL EQ 582 554 542 526 514

BOSCHLTD EQ 21032 20406 20148 19780 19522

BPCL EQ 615 569 553 524 507

CIPLA EQ 666 630 617 595 581

COALINDIA EQ 287 277 271 266 261

DRREDDY EQ 2701 2497 2416 2294 2212

EICHERMOT EQ 34597 32175 31207 29753 28785

GAIL EQ 560 529 517 497 485

HCLTECH EQ 941 911 898 880 867

HDFC EQ 1773 1738 1724 1703 1689

HDFCBANK EQ 2003 1930 1902 1857 1829

HEROMOTOCO EQ 4515 4096 3943 3677 3524

HINDALCO EQ 330 294 281 257 245

HINDPETRO EQ 467 446 438 425 417

HINDUNILVR EQ 1462 1401 1376 1340 1315

IBULHSGFIN EQ 1269 1229 1210 1188 1170

ICICIBANK EQ 350 331 324 312 305

INDUSINDBK EQ 1720 1685 1668 1650 1633

INFRATEL EQ 386 374 369 361 356

INFY EQ 1127 1076 1057 1026 1006

IOC EQ 449 427 419 405 397

ITC EQ 279 270 266 262 258

KOTAKBANK EQ 1050 1028 1018 1006 996

LT EQ 1425 1331 1299 1237 1205

LUPIN EQ 982 921 896 861 836

M&M EQ 807 779 763 751 735

MARUTI EQ 11081 10302 10001 9524 9222

NTPC EQ 192 185 183 178 175

ONGC EQ 221 204 199 188 183

POWERGRID EQ 216 209 206 202 199

RELIANCE EQ 949 933 927 917 911

SBIN EQ 346 332 326 318 311

SUNPHARMA EQ 581 554 541 526 514

TATAMOTORS EQ 472 444 433 415 404

TATASTEEL EQ 792 746 728 699 682

TCS EQ 2877 2744 2692 2612 2559

TECHM EQ 505 500 497 495 492

ULTRACEMCO EQ 4711 4495 4389 4278 4172

UPL EQ 801 764 748 727 711

VEDL EQ 386 346 331 306 291

WIPRO EQ 338 317 309 296 288

YESBANK EQ 334 321 316 308 303

ZEEL EQ 641 609 591 577 559

TOP 15 ACHIEVERS // TOP 15 LOOSERS

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 ONGC 185.20 196 5.83

2 HINDALCO INDUS 254.30 267.45 +5.17

3 L AND T 1219 1266.85 +3.85

4 WIPRO LTD 292.40 302.00 +3.28

5 TATA CONSULTANCY 2575.30 2653.55 +3.04

6 INFOSYS 1003.95 1030.55 +2.65

7 BOSH LTD 19868.05 20356.95 +2.46

8 GAIL 496.55 507.95 +2.30

9 HCL TECHNNOLOGIES 869.45 886 +1.90

10 HEROMOTO CORP 3701 3764 +1.70

11 BAJAJ FINANCE LTD 1754.75 1784.05 +1.50

12 SUNPHARAM 527.50 534.20 +1.27

13 VEDANTA 316.25 319.45 +1.01

14 INDIAN OIL CORP 409.90 413.60 +0.90

15 TATA MOTORS 420.10 423.90 +0.90

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 DR. REDDY LABS 2399.50 2343.30 -2.34

2 EICHER MOTORS 30823.35 30154 -2.17

3 BHARTI AIRTEL 536.60 527.10 -1.77

4 HIND PETRO 436.35 428.85 -1.72

5 ULTRATECH CEMENT 4360.50 4292 -1.57

6 COAL INDIA LTD 267.60 263.95 -1.36

7 INDUSIND BANK 1670 1652.40 -1.06

8 MARUTI SUZUKI 9801.50 9705.55 -0.98

9 UPL 738 731.30 -0.91

10 KOTAK MAHINDRA BANK 1021.35 1012.60 -0.86

11 ADANI PORT 405.80 402.45 -0.83

12 INDIABULLS HOUSING FIN 1202.20 1192.50 -0.81

13 STATE BANK OF INDIA 319.80 317.25 -0.80

14 AMBUJA CEMENT 270.65 268.70 -0.72

15 HDFC BANK 1884.50 1872.10 -0.66

AM

BUJ

A

CEM

ENT

204 232 +13.67

% AMBUJA CEMENT

NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS )

NSE FUTURE

NSE FUTURE : BUY FEDRAL BANK FUTURE ABOVE 109.50 TGT 112.50 SL 108.50

NSE FUTURE : BUY TATASTEEL FUTURE ABOVE 721 TGT 735 SL 716

NSE CASH

NSE CASH : BUY L AND T FH CASH ABOVE 181 TGT 190 SL 175

NSE CASH : BUY IDEA CASH ABOVE 101 TGT 106 SL 97

NSE - WEEKLY NEWS LETTERS

✍ TOP NEWS OF THE WEEK

IMPORTANT EVENTS TO WATCH OUT FOR NEXT WEEK - With next week going to

be a truncated one, traders and investors will choose a wait and watch approach amid a long

weekend. However, later in the week, in terms of macro-economic data the government is

scheduled to release fiscal deficit data for the month of November on the 29th of December.

Apart from this, global cues, crude oil prices, and currency will also be closely watched for

further direction.Apart from this, the results season kicks off gradually as Shilpi Cables will

announce its results on December 25 while Patel Engineering Limited will come out with its

quarterly earnings on December 30, 2017. Upcoming events

Dec 29 – Nov fiscal deficit

Dec 29 – Q3 foreign debt India

NBCC PROVIDES CLARIFICATION AFTER CBI CLAIMS ALLEGED

CORRUPTION CHARGE ON COMPANY'S CMD - As per media reports, the Central

Bureau of Investigation has claimed alleged corruption on NBCC chairman-cum-managing

director Anoop Kumar Mittal for graft in Rs2,150cr redevelopment project of ITPO Complex

at Pragati Maidan. The CBI arrested government official Pradeep Kumar Mishra and

Akashdeep Chauhan on December 22, 2017 and carried out searches in Ghaziabad, Delhi and

Mumbai, as per the media sources. Although the residential and official premises of Mittal

were not searched. The agency alleged that a contract was awarded to a joint venture of

Shapoorji Pallonji and Company Pvt. Ltd. and Shapoorji Pallonji Qatar WLL for Rs2,150cr by

NBCC Limited, and Mumbai-based Capacite Structures was trying to get the work from

Shapoorji Pallonji on a subcontract basis. According to the CBI FIR, the deal was influenced

by a government official who had demanded a Royal Enfield bike as an illegal gratification to

exert his influence on Mittal and get the deal swung in favour of Capacite Structures. The CBI

said that in furtherance of the conspiracy, a meeting was held on December 15, 2017 between

Kulkarni, representative of Shapoorji Pallonji including Sanjay Kharkhanis and senior officials

of NBCC including Gupta. NBCC has clarified that the tenders are invited in fully transparent

manner through open competitive bidding system as per the CVC guidelines.

An EPC tender was invited by NBCC by following due procedures on design and build basis

and Letter of Award was issued to M/s Shapoorji Pallonji and Co (P) Ltd & M/s Shapoorji

Pallonji Qatar WLL on September 8, 2017. The company claims that it has no role to play in

the alleged corruption charges as it is the contractor’s prerogative to engage the agencies in

line with contract requirement.

ADANI POWER TO TRANSFER MUNDRA GENERATION PLANT TO UNIT - Adani

Power announced that it has received all the requisite approvals as required under the scheme

of arrangement approved by the NCLT and the scheme of arrangement for the transfer of

Mundra Power Generation Undertaking to the Transferee company has been made effective .

Adani Power, part of the Adani group, is India’s largest private sector power producer with

operating capacity of 10,440 MW. Its plant at Mundra, Gujarat (4620 MW) is the largest

single-location coal based private power plant in the world. The stock ended at Rs38.7, up by

Rs2.3 or 6.32% from its previous closing of Rs36.4 on the BSE. The scrip opened at Rs36.95

and touched a high and low of Rs40 and Rs36.55 respectively.

BHEL GETS ORDER WORTH RS672CR FROM INDIAN RAILWAYS - Against

international competitive bidding, Bharat Heavy Electricals Ltd has secured a landmark

contract for 146 sets of IGBT-based 3 phase electrics for 25 KV AC Mainline EMU trains.

Valued at Rs672cr, the order has been placed on BHEL by Rail Coach Factory, Kapurthala.

BHEL’s scope of the work in the order envisages design, manufacture, supply, installation and

commissioning of IGBT-based propulsion system and other equipment for MEMU trains of

Indian Railways. These state-of-the-art system and equipment will be developed and produced

by BHEL at its various manufacturing plants located at Bengaluru, Bhopal and Jhansi. BHEL

has been a reliable and trusted partner in the growth of Indian Railways for over 50 years and

has always remained in the forefront for bringing in new technology. The company has been

supplying electric as well as diesel locomotives, EMUs, propulsion system sets and drives to

Indian Railways over the years. Notably, BHEL has supplied 360 electric locomotives of

various ratings to Indian Railways apart from over 370 Diesel Electric Shunting Locomotives

to various industries which are operating successfully. BHEL is India’s largest power plant

equipment manufacturer with 20,000 MW pa manufacturing capacity. It is the market leader in

generation equipment space with 55% market share of the total installed power capacity.

BHEL derived 79.2% of its revenue from power segment, and remaining from the industrial

segment in FY17.

BHARAT FINANCIAL COMPLETES THIRD SECURITIZATION TRANSACTION OF

RS653CR IN FY18 - Bharat Financial Inclusion assigned a pool of receivables of an

aggregative value of Rs653cr to one of the largest public sector banks on direct assignment

basis as per the guidelines of the Reserve Bank of India. This is the third direct assignment

transaction in FY18. With this transaction, the company has completed direct assignment

transactions worth Rs1,711.55cr in FY18. Bharat Financial Inclusion, a micro-finance

company, provides small value loans and financial services majorly in rural areas. It has an

active base of 67 lakh customers spread across 1,399 branches. Its AUM grew at 47% CAGR

over FY15-17 and stood at Rs9150cr in FY17. It reported a GNPA & NNPA of 6% and 2.7%

respectively in FY17.

HERO MOTOCORP TO RAISE MOTORCYCLE PRICES STARTING JANUARY 1,

2018 - Hero MotoCorp Limited, the world’s largest manufacturer of motorcycles, has

announced a price increase in motorcycles by Rs400 per model. This was announced by the

company to stock exchanges on December 22, 2017. HMCL is a dominant player in the 100-

125cc motorcycle segment with its popular brands - Splendor, Passion, HF Deluxe, Glamour,

and Super Splendor. It has nearly 50% market share in the Motorcycle segment. For Q2FY18,

Motorcycles comprise 88% of total volumes and Scooters 12%. The company is the largest

seller of Motorcycles in India; however, it stands at 3rd position in scooters -- after Honda

Motorcycles and Scooters and TVS Motor Company. Exports comprise only 2.3% of total

volumes. Despite Hero being a late entrant into the export market, it plans to double the

number of countries that it exports to, from 20 to 40 over next few years. The very size of 2W

markets in developing countries presents a huge growth opportunity for Hero. The price hike

has been taken to offset rising raw material costs and will translate to Rs400 per model. The

exact quantum of the increase will vary, basis the model and the specific market.

HERO MOTOCORP UNVEILS THREE NEW BIKES - THE NEW SUPER

SPLENDOR, PASSION PRO AND XPRO - Hero MotoCorp unveiled three new motorcycles

– the 125cc Super Splendor, the 110cc Passion PRO and the 110cc Passion XPRO yesterday.

HMCL, the world’s largest two-wheeler manufacturer, in order to further augment its

dominant market leadership continues its aggressive product strategy with these three

launches. The company indicated in its BSE filing that there will be a phase-wise launch of

these three motorcycles in the market, starting January 2018. These new motorcycles will

come with bold styling and more power. Company stated that it would shift its focus on

premium motorcycles and aims at growing its market share in the premium segment.

Company has strengthened its in-house product development capabilities at the Hero Centre of

Innovation and Technology and is gearing up to launch multiple new exciting products across

segments in the coming months. Hero MotoCorp is a dominant leader in the 100-125cc

segments with its popular brands - Splendor, Passion, HF Deluxe, Glamour, and Super

Splendor.

IGL RECEIVES LETTER OF INTENT FROM PNGRB - Indraprastha gas has received

letter of intent dated December 21, 2017 from Petroleum and Natural Gas Regulatory Board

for grant of authorization to the company for development of CGD network in the

Geographical Area of Karnal District. This would allow it to lay CGD network in Karnal

District and as a result would improve its CGD volumes and revenues. Indraprastha Gas is

engaged in distribution of CNG and PNG in Delhi. IGL laid the network for the distribution of

natural gas in the National Capital of Delhi to consumers in the domestic, transport, and

commercial sectors. We believe IGL’s FY18-19E volumes are set to grow at 10-12% p.a on

back of sustained private car conversion from liquid fuels to CNG, addition of new buses, pick

up in industrial sales and foray in Gurugram as per SC’s recent order. Outlook for margins

remains firm considering the price differential between CNG and alternative fuels. Weak LNG

also offers attractive economical proposition for industrial users regardless of the regulatory

push. We estimate of 14% EPS growth pa through FY17-19E on the back of 10-12% pa

volume growth and firm margins. The stock trades at 31x FY19E earnings. We have positive

view on the stock.

DILIP BUILDCON BAGS TWO EPC PROJECTS WORTH RS518CR, UP 4.3% - DBL

Has received an order of Rs157cr, which involves six-laning of Davanagere-Haveri Section of

NH-48 in Karnataka for a length of 6.85 km for package 18. Another project of Rs 361 cr is for

the same highway. Both the contracts are expected to be completed in 24 months. DBL is

engaged in engineering, procurement & construction of infrastructure facilities viz; roads,

bridges, buildings, water bodies and mining. The company's order book consists of road,

highways & bridges (82% of order book), mining (15%) and rest from others. Moreover, it

holds healthy order book of Rs14200cr, which provides revenue visibility for next few years.

We are positive on the company, as we expect revenue CAGR of 17.7% over FY17-19E.

Under BOT, it plans to monetize few assets to de-leverage balance sheet and meet equity

requirements. Thereby, we expect PAT to grow at 19.4% CAGR over FY17-19E

SUVEN LIFE GETS TWO PRODUCT PATENTS FOR NEURODEGENERATIVE

DISEASES - Suven Life Sciences announces that the grant of one product patent from Canada

and one product patent from India corresponding to the New Chemical Entities for the

treatment of disorders associated with Neurodegenerative diseases and these patents are valid

through 2034 and 2028 respectively. The granted claims of the patents include the class of

selective 5-HT4 and 5-HT6 compounds respectively and are being developed as therapeutic

agents for major depressive disorders and are useful in the treatment of cognitive impairment

associated with neurodegenerative disorders like Alzheimer’s disease, Attention deficient

hyperactivity disorder, Huntington’s disease, Parkinson and Schizophrenia respective ly. “We

are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS

arena that are being developed for cognitive disorders with high unmet medical need with huge

market potential globally,” says Venkat Jasti, CEO of Suven.

ABB INDIA GETS RS134CR ORDER FOR INDIAN RAILWAYS - ABB India has won an

order worth Rs134cr to supply state-of-the-art traction equipment for electric locomotives,

manufactured by Chittaranjan Locomotive works. ABB will deliver traction converters,

standalone auxiliary converters and vehicle control units for 64 electric locomotives which

will be used for passenger and freight operations. This order further strengthens ABB’s

position in the Indian market where the government wants to equip electric locomotives with

the next generation of propulsion system, with the state-of-the-art traction converters. It also

supports the larger government initiative of energy efficiency and electrification of railways

from introducing tri-phase energy-efficient technologies in electric locomotives and electrical

multiple units to technology to drive efficiency in traction and non-traction areas.This solution

will be locally manufactured at ABB’s Nelamangala production unit in Bengaluru. “ABB has

been a key partner of Indian Railways over the decades with a suite of traction solutions. This

year marks 10 years of our association with Chittaranjan Locomotive works and we are

privileged to have their trust and cooperation,” said Sanjeev Sharma, Managing Director, ABB

India. “ABB’s technology offerings have also evolved in line with the changing requirements

of the Indian railway network like clean energy, electrification, safety, speed, robustness, and

such. Our global leadership in railway and transportation technologies ensure that we can

continue to develop and deploy the latest in the future of transportation technology for the

fourth largest railway network in the world,” he added. Currently, around 42% of the entire

Indian rail network is electrified. Indian Railways has a goal to electrify its rail network by

2020.

This move aims to reduce greenhouse emissions and the dependence on fossil-fuel based

automotive power. ABB has supplied traction equipment to CLW for several years and is a

major supplier of traction systems for rolling stock manufacturers around the world.

MANAPPURAM FIN STOCK CLIMBS 12.5% - Shares of Manappuram Finance rose over

13% backed by strong volumes. So over 37 mln shares of the company changed hands on the

NSE, significantly higher than the six-month daily average of 5.8 million shares. The stock

rose for the third straight session and during the period, gained over 17%. The stock is

currently trading at Rs118.8, up by Rs13.25 or 12.55% from its previous closing of Rs105.55

on the BSE. Manappuram Finance, an NBFC, is in the business of offering gold loans,

microfinance, housing loans and commercial vehicle loans. The company’s AUM comprises of

gold loan (81.4%), microfinance (13.14%), housing finance (2.2%) and others (1%) in FY17.

HAVELLS OWNED BRAND “STANDARD” TO STRENGTHEN ITS CONSUMER

PRODUCT PORTFOLIO - Standard, a well‐ known brand of Havells, shared its strategy to

strengthen its consumer product portfolio and double its revenues from the East in next 3 ‐ 4

years. As part of the strategy, the company today unveiled a premium range of technologically

advanced and aesthetically designed Water Heaters. The new range of water heaters would

come in five variants christened as “Zoe & Zoe Prime”, “Ameo”, “Amazer” and “Lyft” with a

capacity ranging from 1 ltr to 25 ltr. Havells expects revenues of Rs1,000cr from “Standard”

by FY20-21. The brand, focused on youth, has already doubled its revenues in last 3 years and

a similar performance is expected going ahead. The newly launched range of water heaters

along with other consumer and industrial products would also be available through its

exclusive brand shops popularly known as “Standard Galleries”. “Standard” would double

these Brand Shops by end of FY19. Though “Standard” has presence across product lines

similar to those of parent Havells, the former is a “value-for-money” brand against Havells’

premium-priced products. Havells promotes “Standard” independent of itself, without

mentioning the name “Havells” anywhere on its products. It is also sold through a different

channel and no retailer stocks both the brands. The water heater market in India is estimated at

Rs1,300-1,500cr and growing at the rate of 12%. By 2020, Havells has guided for a 10%

market share in the water heater segment.

CHOLAMANDALAM INVESTMENT TO SET-UP HOUSING FINANCE COMPANY -

The board of directors of Cholamandalam Investment and Finance Company have approved a

proposal to set up a Housing Finance Company. The board also approved necessary

authorizations to make an application to National Housing Board and do the needful in this

connection. Besides, the board has approved issuance of 500 Masala Bonds in the nature of

Secured Redeemable, Non-Convertible Debentures of a face value of Rs1cr each at par

aggregating to Rs500cr in one or more tranches on private placement basis. As per ICRA, HFC

will grow at a compounded annual rate of 20-22 % for the next three years. Share of HFC in

total housing loan was 33% in March 2012 and which has increased to 37% in March 2017.

Setting up a housing finance company would help Cholamandam Investment & finance

company to enter in the industry, which is growing at a very healthy rate. This gives a very

positive outlook for the company in coming years. At current market price stock is trading at

3.7 P/B FY20E.

ASHOK LEYLAND LAUNCHES TWO NEW TRUCKS, SAYS NO DISCOUNTING

POLICY TO GAIN MARKET SHARE - Ashok Leyland has launched BS-IV emission

norms-compliant trucks - Captain Haulage and 3718 PLUS - with iEGR engines. Company

indicated that these new launches would drive the truck category. These trucks have been

launched at competitive price points and has higher fuel efficiency, more payload and heavy

duty aggregates resulting in lower operating and maintenance costs. The 3718 category trucks

have witnessed strong growth in past five months leading to volume share of 60% in total

volume sales in the industry, the Management indicated. The 3718 PLUS is the latest addition

in 37T segment by Ashok Leyland offering additional 10% fuel savings, 225 kgs of more

payload and 10% extra tyre life from new technology tyres. Captain Haulage Trucks are

available in three GVW segments, 25T, 31T & 37T, and built for a wide number of

applications such as market load, parcel, tankers, cement bulkers and containers . These trucks

are specially designed to deliver higher uptime and faster turnaround time to meet the high

productivity demands of the logistics industry, the company stated. Further, the Management

indicated that the company is ready to benefit from the traction witnessed in the MHCV

segment. As per SIAM data, the MHCV segment witnessed 16% yoy growth. Company

intends to maintain pricing and not offer any discounts in order to gain market share. AL is the

third largest manufacturer of commercial vehicles in India with 18% market share. The

company is also engaged in the manufacturing and selling of engines for industrial and marine

applications, spare parts and special alloy castings.

COAL INDIA UP AS DISPATCH CHARGES TO LIFT REVENUE - Shares

of Coal India gained prospects of higher revenues for the miner after it introduced evacuation

facility charges at Rs50 per tn for the dispatch of coal on all dispatches. The new charges are

seen adding Rs2,500cr to Coal India's annual revenue and Rs800cr for the remainder of 2017-

18 (Apr-Mar), the company said. CIL is the largest coal producer in the world and it accounts

for 84.5% of total production in India. Its revenue has grown at 3% CAGR over FY15-17.

India's coal production has grown from deficit to surplus on the back of production push over

the last two years.

SUZLON GETS 252 MW WIND POWER PROJECT ORDER - Suzlon has received 252

MW wind power project order from a leading global utility as part of Solar Energy

Corporation of India II bid. Suzlon will execute the entire project on turnkey basis and will

also provide operation and maintenance services. The order is already a part of Q2 FY18 firm

order book announced in November 2017. J.P. Chalasani, Group CEO, Suzlon Group, said:

“Our strategy of having initial tie-ups is clearly paying off. With the introduction of bidding

regime, the industry is poised to grow to 8-10 GW annually.” 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 & South America. The Group

has a cumulative installation of approximately 17 GW of wind energy capacity. Suzlon Energy

Ltd is a leading provider of renewable energy solutions. It is India’s largest manufacturer of

Wind Turbine and Generator with an installed capacity of 3,600 MW. SEL has a market share

of 35% in wind business.

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