Suzlon Energy aims to reduce 40 per cent of Rs 60 billion debt by FY18

Suzlon Energy, the country’s largest wind power turbine maker and again making losses, says it aims to reduce 30-40 per cent of the Rs 60 billion total debt by the end of this financial year.

“We are actually aiming that by Q3 (the third or December quarter, we would be able to pare close to 30 per cent of the debt,” J P Chalasani, group chief executive, told Business Standard.

It reported a net loss of about Rs 3.8 billion in 2017-18, after a profit of Rs 8.5 bn in FY17. Revenue dropped by 35 per cent to Rs 82.9