9 September 2019: Suzlon Energy has said that its debt resolution plan is not dependent on a single option and that the company is working with its bankers to reduce its debt. “We wish to clarify that Suzlon’s debt resolution… Read More ›
Suzlon
LM: Suzlon’s auditor bets on potential investor to keep it going
15 August 2019: An offer from a potential investor is critical for wind turbine maker Suzlon Energy Ltd. to repay lenders and continue as a going concern, its auditor Deloitte Haskins & Sells LLP said in a review report Wednesday…. Read More ›
ET: Brookfield no longer in race for Suzlon Energy stake as talks fail
7 August 2019: Brookfield’s plan to acquire a majority stake in Suzlon Energy has fallen through, after the Canadian investor could not reach a deal with the wind-turbine maker’s lenders on valuation, two people aware of the development said. Lenders… Read More ›
BT: Union Bank classifies Suzlon Energy’s loan account as NPA; other banks may follow suit
22 July 2019: Wind turbine major Suzlon Energy Ltd’s financial woes continue to mount. A week after defaulting on the payment of outstanding bonds worth Rs 1,182 crore, its loan account with the Union Bank of India has been classified… Read More ›
LM: Debt-laden Suzlon may be an attractive bet for Canadian asset manager Brookfield
18 July 2019: India’s largest wind turbine maker Suzlon Energy Ltd, once a darling of the stock markets, defaulted on payments to bondholders earlier this week, thus again leading the company to knock at its creditors doors for a debt… Read More ›
ET: Suzlon defaults on bond payment, sources say it’s in talks to sell stake
16 July 2019: India’s debt-laden Suzlon Energy said it defaulted on a $172 million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to… Read More ›
MC: Wind sector hopes for better times ahead
2 July 2019: In the last two years, only 15 percent of India’s annual installed wind energy manufacturing capacity of 10 gigawatts (GW) has been utilised, according to the Indian Wind Turbine Manufacturer’s Association (IWTMA). At a recent meet with… Read More ›
ET: Banks have to decide on fate of 150 borrowers by July 7
24 June 2019: Banks have just about a couple of weeks to decide the fate of more than 150 borrowers, which include sugarmaker Bajaj Hindusthan, energy companies RattanIndia Power and Suzlon and other infrastructure and road builders as the 30-day… Read More ›
ET: Suzlon offers to sell majority stake to Brookfield for settling loans
24 June 2019: Suzlon Energy has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to give a waiver,… Read More ›
TOI: Suzlon may default on Rs 1.2k-cr FCCBs due July
11 June 2019: Suzlon, India’s largest renewable energy solutions provider, is staring at a default of Rs 1,205 crore on repayments of foreign currency convertible bonds (FCCBs), which are due for redemption next month. The Pune-based company is facing the… Read More ›
