Wind Energy - Sharekhan Special

Wind energy: it is windy
Wind energy has registered a robust year-on-year growth of 44% in FY2005. The current installations in the country are approximately 3,595 megawatt (MW). The ministry of non-conventional energy has estimated that by 2012, 10% of the projected 240,000MW of the new capacity will come from renewables-mainly wind power. We are very positive on the sector since the wind power industry is on a high growth trajectory. The beneficiaries will be major suppliers of wind turbines like Suzlon, Enercon and NEPC and auxiliary service providers like Sanghvi Movers and Kemrock Industries.

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Hindu Businessline Recommendations

BUY    >> Sanghvi Motors, GE Shipping, Satnam Overseas

HOLD  >> Essar Steel, Aurobhindo Pharma, Clariant, Color Chem, Vanavil Dyes