Page 3 - Suzlon Energy

Sebi appoints forensic auditor to vet financial statements of Suzlon Energy

Suzlon Energy on Tuesday said market regulator Sebi has appointed forensic auditor to carry out forensic audit of its financial statements.

Suzlon December quarter loss narrows to Rs 118 crore on higher revenues

Total income from operations rose to Rs 959.52 crore in the quarter under review, from Rs 672.99 crore in the same period a year ago

Suzlon Energy reports Rs 670 crore net profit in September quarter

The company had recorded a consolidated net loss of over Rs 777 crore in the quarter ended on September 30, 2019, showed a BSE filing at midnight on Tuesday

Better policies needed to tap wind potential in nine states: Tulsi Tanti

Tulsi Tanti, chairman and managing director for the company, speaks to Jyoti Mukul and Amritha Pillay, on the road ahead

Suzlon Energy reports Q1 net loss at Rs 399 cr due to lower revenues

The consolidated net loss of the company was Rs 336.88 crore in the quarter ended on June 30, 2019, a BSE filing said

Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan

The company's BSE filing read that Suzlon and its subsidiaries have recently concluded a comprehensive debt restructuring and issued various convertible and optional securities pursuant to the same

Suzlon loss widens to Rs 834 cr in March quarter due to lower revenues

The group continued to incur losses in 2019-20 primarily due to lower volumes, high finance cost and provisions for impairment, the company said

Suzlon board okays proposals to restructure outstanding debt, bonds dues

A company official said the company's outstanding debt is close to Rs 12,500 crore, while due bonds are worth USD 172 million

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 bondholders okay resolution plan for $172 million bonds

The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding $172 million bonds.

Suzlon Energy set to get Rs 400-cr infusion through various securities

Tanti Holdings Private Limited (promoter), Shanghvi Finance Pvt. Ltd and associates will infuse capital in company

NCLT route ruled out for Suzlon Energy, lenders to set up escrow account

Barring one bank, all lenders are ready to convert more than 50% of the total debt into new debt

Suzlon Energy to offer India banks 68% haircut on debt restructure deal

The fresh proposal follows an assessment by Suzlon's rating company, on how much debt can be sustainably recast. A meeting with creditors is planned for next week, one person said

Dilip Shanghvi staring at huge loss as Suzlon Energy heads to bankruptcy

Dilip Shanghvi, the Sun Pharma promoter has 23% in renewable power firm that has failed to get debt recast plan

Suzlon Energy appoints State Bank's nominee Rakesh Sharma as director

He has handled various assignments in retail banking, corporate credit, international banking, micro finance and agricultural banking at SBI.

Working on resolution plan, have submitted restructuring proposal: Suzlon

The company is also in discussions with the foreign currency convertible bond holders for settlement of the FCCB borrowing, the filing said.

Suzlon Energy's Sep-quarter net loss at Rs 777 cr on subdued operations

The company's total expenses were at Rs 1,551.16 crore as against Rs 1,850.28 crore in the same period of preceding fiscal.

Suzlon may escape NCLT route as lenders explore debt restructuring

The Centre's latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company

Suzlon Energy Q1 net loss narrows to Rs 337 crore on lower expenses

The firm's total income dropped to Rs 851.09 crore, compared with Rs 1,289.94 crore a year ago

Suzlon Energy offers to repay $1.2 bn for stressed debt settlement: Report

Suzlon shares rose as much as 14% in early Mumbai trading on Friday, the biggest intraday gain in two weeks