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Suzlon Struggles To Shake Off Its Debt Demons
Why Suzlon is again facing problems.
22 Feb 2019, 02:33 PM IST
Once tipped to be a global powerhouse of renewables, Suzlon Energy Ltd. has been battling debt demons for more than six years.Beset by the fallout of boom-year excesses, the maker of wind turbines was working on a turnaround by selling assets and cutting costs. It even brought in a white knight in billionaire Dilip Shanghvi. But then India shifted from a subsidy-based programme to competitive auctions for wind farms, driving tariffs ...
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