JUNE 20238TOP STORYSUZLON GROUP CROSSES 20 GW INSTALLED WIND MILLS CAPACITY WORLDWIDEINDIA'S COAL OFS OPEN FOR RETAIL INVESTORSThe government provides for sale (OFS) to trade up to a three percent stake in Coal India (CIL)was completely joined on the first day of bidding. Retail investors may participate in the deal. The government obtained bids for 287.6 million contributes from organizations - against 184.8 million shares on offer involving a green shoe option - at an indicative price of Rs.226.12 per share against the floor price of Rs.225.Consumers may subscribe above the indicative price.Experts said investors can subscribe so for the attractive dividend yield and reasonable valuations, as earnings growth of the country's largest coal miner could be relatively subdued in FY24.CIL has historically had a dividend yield of 8-10%, one of the highest among large-cap companies, and is currently trading at about 3-5 times enterprise value to estimated FY24 Ebitda, which analysts believe gives headroom for expansion. The earnings growth of CIL, though, could be impacted by the recent wage revision and weaker realizations."When you are coming off a year which was a record high in terms of e-auction prices and has the additional burden of wage hikes, you won't be having EPS (earnings per share) growth", said Amit Dixit, vice president at ICICI Securities. "But what investors should consider is whether the EPS will see a significant drop from the current levels", he said. Suzlon Group, a producer of renewable energy solutions, declared on Monday that it had reached the landmark of 20 GW of installed wind turbine capacity globally."Suzlon Group has crossed the 20 GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries, spanning six continents, solidifying Suzlon's position as a significant player in the global wind energy landscape".Since 1995, Suzlon has been developing the Indian wind energy industry in accordance with the late Chairman and much-celebrated creator Tulsi Tanti's vision. "Crossing the 20 GW mark is a testament to Suzlon's dedication and expertise in the renewable energy industry", said Suzlon Group Vice Chairman, Girish Tanti.Suzlon's 20 GW is a story of bringing India to the world, with 5.9 GW of Indian wind turbines deployed all around the world. He said that Suzlon's journey from the initial 270kW turbine in 1995 to the 3 MW turbine in 2023 will continue to excite future generations.Suzlon Energy and its subsidiaries make up the group, which has its headquarters at Suzlon One Earth in Pune. 5,900 different employees make up the group, which has a 28-year operational history. The nation's largest service portfolio of wind energy assets, totaling 13.9 GW, belongs to Suzlon.
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