How wind market disruption drove Suzlon to financial ruin
Quantum of capacity additions and the pace of recovery is too slow for Suzlon’s comfort
Suzlon began missing payment obligations after a steep fall in volumes began eroding its revenues and earnings
Mumbai: Suzlon Energy Ltd’s default on bond payments worth $172 million this week did not come as a major surprise. The company has been struggling to meet its debt covenants for some time, which was also reflected in its credit ratings.
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