Page 6 - Suzlon Energy

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

Suzlon Energy's bondholders plan to take legal action over default

Banks unlikely to agree to a steep haircut

Turbine makers hit by regulatory issues, slow demand, Chinese imports

Foreign companies and imports from China are increasing footprint in India

Suzlon defaults on $172 mn bond payments, says working to resolve crisis

The outstanding principal amount of $172 million was part of a bond issue of $546.91 million

Suzlon pins hopes on Brookfield deal for bond payback as investors wait

Suzlon Energy Ltd., which became India's biggest convertible note defaulter when it missed payments in 2012, must repay $172 million outstanding on such securities that were issued as part of a debt

Suzlon Energy jumps as bankers meet today to resolve $1.4 billion debt

Approval for the proposal is critical for Suzlon as ratings on its long-term bank facilities were downgraded at Care Ratings to D from BB in April

Suzlon Energy stares at $172 million FCCB repayment in July

While there are concerns on the company's debt repayment schedule, the company reiterated it is progressing on its strategic initiatives