Until 2016 the Wind Energy sector had enjoyed accelerated depreciation (AD) of 80 per cent under the Income Tax Act. But in March 2016 (Budget) Indian govt reduced 80% depreciation to 40% depreciation. Wind Energy in India has barely survived since then.
India needs to show the WEST that India can LEAD the world into Renewable Energy Transition
What is Accelerated Depreciation?: Accelerated depreciation is…
1 Lakh invested in Suzlon could give you 1Cr in 10 years… read on to find out how! Many people think that the only way to become rich is to win a lottery. The truth is winning a lottery is the MOST difficult way to become rich… BECAUSE… the guy who won it will NEVER be able to win it again in his entire life.
But the truth is the easiest way to win 1 crores is by investing in the BEST companies in SUNRISE Industries.
Table of Contents:
1. History of Suzlon
2. In 2007 Suzlon bought Senvion/REpower
3. Lehman Brothers crash
4. The fall of Suzlon
5. Suzlon turns the corner
6. Tulsi Tanti passes away
7. Suzlon Rights Issue
8. Is Suzlon a Multibagger?
9. List of Wind Energy Companies in India
10. Suzlon the Penny stock
11. Cavet Emptor: Be aware of Stock Market Risk
12. But is Suzlon involved in SUNRISE industry or in SunSet Industry?
22. Suzlon Energy share price can touch Rs 4,590 in the year 2030
23. Why Private companies in India will not manufacture Hydrogen or Semiconductor unless government companies gets into manufacturing them.
Read on and see if what I say make any sense… take action & invest if you think It makes sense.
History of Suzlon: Suzlon Energy has been the favorite of a lot of Indians in the Share Market.
In 2007 Suzlon had reached its pinnacle and was the 5th largest Wind Energy company in the entire world and its share price was Rs 459.
Then Suzlon did what every company would try to do… expand its market in other countries… It entered the European Market in 2007 by buying couple of European companies.
In 2007 Suzlon bought Senvion (then called REpower Systems), for €1.4 billion, mostly with borrowed money. On top of that Suzlon couldn’t use cash reserves of Senvion in spite of buying it. European laws. This was kind of a double whammy.
15 September… 2008 Lehman Brothers filed for bankruptcy… overnight the credit flow stopped completely… and these big wind-infrastructure projects need big credit… tripple whammy… the …