Suzlon aims to reduce 40-50% of debt through asset monetisation by March


Suzlon aims to reduce 40-50% of debt through asset monetisation by March

Suzlon, this country’s largest maker of wind power gear, is looking at monetising some of its assets, amid an anticipated rise in sales volume from the next financial year, both at home and abroad.

J P Chalasani, group chief executive, said: “We have an advantage due to vertical integrated operations. The sector will witness growth of 10-12 Gw volumes per annum.”

He said the company was on track to reduce 40-50 per cent of its debt through asset monetisation by end-March 2019. It had restructured its loans in the past and had long-term debt of around Rs 71.4 billion as of end-June.

The firm recently delivered for one project for Sembcorp under a first round of bidding for wind energy capacity, conducted by Solar Energy Corporation of India. Read More

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