The beleaguered power sector will find some respite, if the measures announced are implemented properly.
Tag: Suzlon Energy
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Suzlon Energy to raise Rs 1,500 crore
Pune-based Suzlon Energy is planning to raise about Rs 1,500 crore through selling its assets. Two of the fifteen assets, which the company plans to sell, are in abroad. These assets have components manufacturing facility and old plants. Suzlon wants to sell some of its assets in Gujarat, Maharashtra, Tamil Nadu and Pondicherry. According to the company, the process of selling assets would at least take 12 to 18 months.
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Suzlon’s arm issues $647 million worth bonds
According to a company press release, the Dutch unit of Suzlon Energy, AE Rotor Holding BV, issued $647 million worth of bonds in order to reduce debt. The company would utilise the fund to repay loans as part of a debt restructuring deal with its creditors. Specifically, the proceeds of the bond sale would be used to refinance existing dollar-denominated foreign curre
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Steering growth
As the MD and CEO of Azure Capital Advisors, Shailesh Ghorpade is responsible for laying down the vision of the company, managing the overall brand and steering the company towards achieving goals while ensuring highest standards in corporate governance.
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Bankers to take final call on debt recast for Suzlon
Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
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Bankers to take final call on debt recast for Suzlon
Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
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Integral leadership
Sumant Sinha is the Chairman and CEO of ReNew Power. He brings his vast experience in the Indian renewable eneÂrgy space, international finance, comÂbined with unique operating experience to the firm. Prior to setting up ReNew Power, Sumant was the Chief Operating Officer (COO) of Suzlon Energy. Sumant was responsible for refinancing SuzlonÂ’s entire outstanding debt worth $3 billion, raised an additional $800 million and restructured $500 million worth of foreign convertible bonds in an extremel
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Suzlon expects $1-bn new orders every quarter
Suzlon Energy will focus on value engineering to remain competitive and has set a target of bagging $1 billion worth of new orders every quarter for the next few years.
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ReNew Wind Power secures Goldman investment
ReNew Wind Power, a reneÂwable energy independent poÂwer producer (IPP), announced it has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs, a leading global investment bank and active investor in alternative energy/clean technology.
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Tap small saving options to finance infrastructure
Globally, Royal Bank of Scotland's focus is to raise capital from public and private markets and selectively do asset equipment and shipping finance.
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