Suzlon Energy

Suzlon Energy News

Suzlon Energy defaults on $172 mn bond payment, company in talks with global private equity funds to sell stake
Business

Suzlon Energy defaults on $172 mn bond payment, company in talks with global private equity funds to sell stake

Suzlon's creditors, led by the country's biggest lenders State Bank of India, are studying a one-time settlement plan offered by the company, said sources

Sebi impounds Rs 15 cr from Sharekhan, others for front-running
Business

Sebi impounds Rs 15 cr from Sharekhan, others for front-running

The order comes a day after French giant BNP Paribas announced acquisition of home-grown brokerage firm Sharekhan in an estimated Rs 2,000 crore deal.

Suzlon surges 7% on buzz of investment from Sun Pharma's Shanghvi family
Business

Suzlon surges 7% on buzz of investment from Sun Pharma's Shanghvi family

As per reports, Dilip Shanghvi will provide as much as Rs 38 billion ($610 million) of security for Suzlon Energy Ltd to help the maker of wind turbines fill orders and return to profit.

Concerned over Suzlon's financial health, say auditors
Business

Concerned over Suzlon's financial health, say auditors

The auditors of wind turbine maker Suzlon have expressed concern over the company's financial health as it faces liquidity issues and is yet to make payments to its lenders and vendors.

 Caught in debt trap, Suzlon sells Senvion for $1.2 bn
Business

Caught in debt trap, Suzlon sells Senvion for $1.2 bn

Suzlon chairman Tulsi Tanti said the sale was at a "minor loss" but the proceeds from the deal will help reduce borrowings, cut interest burden and free up more capital for projects to help it return to profitability next fiscal.

Modi factor: Number of billion dollar babies in Indian markets up 48% in a yr
Money

Modi factor: Number of billion dollar babies in Indian markets up 48% in a yr

Investors pumped money into equity assets, betting on the prime ministership of Narendra Modi.

BSE to rejig indices from Dec 23
Economy

BSE to rejig indices from Dec 23

The exchange, Asia's oldest, will include Axis Bank in the S&P BSE Sensex and Aditya Birla Nuvo in the S&P BSE 100 index effective from December 23.

Markets close in red; sugar stocks soar on decontrol news
Investing

Markets close in red; sugar stocks soar on decontrol news

Sensex closed 19468.15, down 0.15 percent and the Nifty closed at 5887.40 , 0.16 percent

Suzlon Energy rules Sensex on Friday, Nifty stays tepid
Investing

Suzlon Energy rules Sensex on Friday, Nifty stays tepid

The rally in the auto sector was lead by Maruti Suzuki India because of its big profits in the third quarter as announced in the results today.

Markets flat; Shriram Transport up on stake sale buzz
Investing

Markets flat; Shriram Transport up on stake sale buzz

The stock markets opened in a lacklustre mood on the last day of the year largely due to lack of economic and global triggers.

Suzlon's chairman takes Rs1.46 cr paycut, but is that enough?
Business

Suzlon's chairman takes Rs1.46 cr paycut, but is that enough?

Tulsi Tanti, chairman of Suzlon, has taken a Rs 1.46-cr pay cut as Suzlon slips into red.

Suzlon signs pact with ReNew for equipment supply
Business

Suzlon signs pact with ReNew for equipment supply

Alternative energy major Suzlon signed a pact with ReNew Power Ventures for supplying equipment for its 300 MW projects in India.

Suzlon seeks $300 mn loan for FCCB repayment
Business

Suzlon seeks $300 mn loan for FCCB repayment

Debt-ridden wind energy company Suzlon Energy has decided to to tie up $300 million loans from banks by the end of June repay $360 million of foreign currency convertible bonds due by 27 July.

Suzlon to sell stake in Chinese firm for Rs 340 crore
Business

Suzlon to sell stake in Chinese firm for Rs 340 crore

Suzlon will sell stake in its China manufacturing unit to China Power New Energy Development to reduce it debt.

Karnataka meet: Local, not global, investors steal the show
Business

Karnataka meet: Local, not global, investors steal the show

What was supposed to attract foreign investment in Karnataka, the Global Investors Meet instead saw a buoyant participation and commitment by a number of Indian companies instead.

How wind power can end energy poverty by 2020
India

How wind power can end energy poverty by 2020

Wind power will secure India approximately $23 billion by reducing the dependency on imported coal and fossil fuels. It will make affordable energy accessible to all.

Cash crunch: Suzlon selling windfarms to repay loans
Investing

Cash crunch: Suzlon selling windfarms to repay loans

The wind turbine maker plans to sell a bulk of its wind energy assets for Rs 200 crore to repay its first tranche of FCCBS that are due for repayment in June.

Broker power: Why you can still buy Suzlon
Investing

Broker power: Why you can still buy Suzlon

There has not only been a huge jump in its order book position, but Suzlon may also be able to repay its FCCBs, a concern that prompted many to downgrade the company.

Auditors: the new rockstars this results season
Business

Auditors: the new rockstars this results season

Here are a list of major companies in which auditors raised some pertinent objections through additional notes released with the quarterly results