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Suzlon Energy Ltd

Suzlon to sell property of value Rs.1,000 crore

Suzlon to sell property of value Rs.1,000 crore
Mrs. Tulsi Tanti, managing director, says that the Suzlon Energy Ltd plans to raise Rs.1,000 crore by corporate debt restructuring (CDR) process that Suzlon started in January 2013. The company is also targeting to cut off operating expenses, staff costs and headcount by 20 percent, besides selling non-critical assets. As per the investor presentation, $400-500 [...] Continue Reading »

Suzlon to keep tribal land!

Suzlon to keep tribal land!
It is a matter of confusion between the Scheduled Tribes and Suzlon Energy Ltd. Suzlon Energy Ltd has a land in Palakkad belonging to the tribal citizens on which it had set up a work station and two wind mills. Government had asked the local collector to allot the land to the locals. But the [...] Continue Reading »



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