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Suzlon Group appoints Ashwani Kumar as group CEO

Ashwani Kumar, has over three decades of experience in projects, business development and finance at leading Indian power and infrastructure companies, is an alumnus of IIM Bangalore and The Harvard Business School Mumbai: Suzlon Energy on Friday said it has appointed Ashwani Kumar as its group chief executive officer (CEO) according to a statement filed […]

Nagaland power requirement expected to reach 550 MW by 2025

Suzlon completes debt restructuring, shares hit 5 per cent upper circuit

In a regulatory filing, the company said that the debt restructuring completed with unanimous approval of secured lenders New Delhi: Debt-laden wind power solutions provider Suzlon Energy has completed its debt restructuring process. Under the restructuring plan, promoters and key shareholders have infused Rs 392 crore. In a regulatory filing, the company said that the […]

Nagaland power requirement expected to reach 550 MW by 2025

Suzlon Shareholders approve Resolutions for Debt Restructuring

  Shareholders have approved all the resolutions by Postal Ballot Stakeholders demonstrate confidence in the Company by confirming to equity infusion Company to slowly begin operations as restrictions of the lockdown are eased Pune, India: Suzlon Group, India’s largest renewable energy solutions provider, announced the outcome of its Extra-ordinary General body Meeting (EGM). J P […]

JinkoSolar is the First Solar Company to Sign on to the Global Framework Principles for Decarbonizing Heavy Industry

Suzlon Energy’s total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr

The company’s total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon. Suzlon Energy on Tuesday said its debt as on March 31 stood at Rs 14,262.06 crore, which also includes outstanding foreign currency convertible bonds worth Rs 1,376.30 crore (around $172 million). The company’s total […]

JinkoSolar is the First Solar Company to Sign on to the Global Framework Principles for Decarbonizing Heavy Industry

SBI unanimously approved the restructuring of Suzlon Energy’s Rs 14,000-cr debt 

The company is working on finalising various definitive agreements with the lenders, it told BSE The State Bank of India (SBI)–led consortium has unanimously approved the restructuring of Suzlon Energy’s Rs 14,000 crore worth of debt, the company said in a filing with the BSE. “The company is working on finalising various definitive agreements with […]

Nagaland power requirement expected to reach 550 MW by 2025

Andhra Pradesh seeks to cancel 21 wind energy pacts

The cancellation is despite the high court staying a July 1 notification issued by the state and July 12 letters written to various developers seeking renegotiation of power tariffs. NEW DELHI: The battle between renewable energy companies’ and Andhra Pradesh is getting intense as the state has sought cancellation of 21 wind power purchase agreements […]

JinkoSolar is the First Solar Company to Sign on to the Global Framework Principles for Decarbonizing Heavy Industry

Debt-laden Suzlon may be an attractive bet for Canadian asset manager Brookfield

Suzlon’s O&M services business is probably the biggest attraction for Brookfield Suzlon’s ownership of land parcels is another asset that a buyer will see value in MUMBAI: 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 […]

Nagaland power requirement expected to reach 550 MW by 2025

Suzlon defaults on $172 million bonds, may offload stake

Mumbai (Maharashtra) [India]: Renewable energy solutions provider Suzlon  has failed to pay the principal amount of 172 million dollars for outstanding bonds which was due on Tuesday. The outstanding payment was part of a total bond issuance of 546.91 million dollars. “The company is working on a holistic solution for its debt and continues to […]

JinkoSolar is the First Solar Company to Sign on to the Global Framework Principles for Decarbonizing Heavy Industry

AP issue – Only 6 companies called for the meeting yesterday along with NTPC and SECI

AP issue: Only 6 companies I.e. Renew, Axis, MYTRAH, Greenko, Ecoren and Suzlon (Skeiron) called for the meeting yesterday along with NTPC and SECI Outcome of Yesterday meeting in AP. 1. Reduce tariff to 2.43 or terminate PPA. 2. Sell the power to other states 3. Ask centre togive financial assistance

JinkoSolar is the First Solar Company to Sign on to the Global Framework Principles for Decarbonizing Heavy Industry

Suzlon offers to sell majority stake to Brookfield for settling loans

Suzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield that would infuse additional equity in the company. Mumbai: Suzlon EnergyNSE 10.99 % 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 […]

Nagaland power requirement expected to reach 550 MW by 2025