Home Tag "Suzlon"

Suzlon may default on Rs 1.2k-cr FCCBs due July

Mumbai: 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 liquidity crisis as it has no resolution plan in place. Suzlon had planned an equity transaction with […]

Dilip Shanghvi to keep Suzlon stake despite falling value

Dilip Shanghvi proved a white knight for Suzlon in 2015 when he bought 23% stake for ₹1,800 crore Suzlon still hasn’t exited debt-restructuring program, missing deadlines since 2017 SUN PHARMA: Billionaire Dilip Shanghvi intends to stay invested in unprofitable wind-turbine maker Suzlon Energy Ltd. even though the company’s financial health has worsened over the last few […]

Rajasthan seeks Gujarat help for renewable power push

Rajasthan’s Congress-led government is impressed by PM Narendra Modi’s home state Gujarat’s frog leap in the renewable energy sector. The neighbouring state has, therefore, sought help from Gujarat government for guidance in renewable energy development and delegation from Rajasthan is likely to visit Gujarat next week. High-level sources from Gujarat government informed, “Rajasthan government is […]