Suzlon Energy, Asia's largest wind turbine manufacturer, reveals its plans to raise up to Rs 5,000 crore through issue of securities in the international and domestic market.  
 
Earlier in May, the shareholders at their annual general meeting had approved the raising of Rs 5,000 crore through issue of Foreign Currency Convertible Bonds (FCCBs), Global Depository Receipts or other securities.

Of this, the company has raised about Rs 2,183 crore by issuing over 1.13 crore shares of Rs 10 each at a premium of Rs 1,907 a piece to the Qualified Institutional Buyers.

Suzlon said it has orders in hand worth Rs16,490 crore. The company is hopeful of growing at 50 per cent as compared to 20-25 per cent growth world-wide.

Suzlon shares closed up 1.65% at Rs 240 on Tuesday. The shares have fallen 38% so far this year compared with a 30% decline in the benchmark Sensex index of the Bombay Stock Exchange.