An Indian lender has approved Suzlon Energy‘s intention to convert some of its debt of around Rs 4,100 crore into equity. Following the dilution, creditors’ ownership would increase to 35Continue Reading
Suzlon Group, India’s largest renewable energy solutions provider, has announced its new order win for development of a 252 MW wind power project from CLP India. Suzlon will install 120Continue Reading
Debt-laden, Suzlon Energy has finally received two critical lifelines from its lenders and bondholders. Multiple banks, led by India’s largest — State Bank of India — approved a plan toContinue Reading
The share price of Suzlon Energy dipped by 10 per cent on Wednesday morning after the financially-strapped renewable energy solutions provider said it defaulted on loans worth Rs 7,256.38 crore.Continue Reading
Suzlon Energy Ltd has found a new suitor even as a rescue plan of Canada’s Brookfield Asset Management Inc. faltered, said Tulsi Tanti, the founder and chairman of the financially-troubled windContinue Reading
For years, Suzlon Energy had been flirting with financial turmoil and recently the company witnessed a rather unfortunate milestone which could define the company’s future. As several market analysts hadContinue Reading
Yet another renewable energy major in India is facing a huge financial challenge and has attracted interest from foreign investors. Suzlon Energy, one of India’s leading wind energy solutions provider,Continue Reading
Soon after the Union Ministry of New and Renewable Energy (MNRE) called for ‘Expression of Interest’ (EoI) for the 1,000 megawatt (MW) project, some 35 national as well as foreignContinue Reading
