A revamp in government policies and an energized market have set the stage for a comeback by what was once the world’s fifth-largest wind company.
For the first time in 15 years, Suzlon Energy, India’s largest wind turbine maker, will be debt-free on a consolidated basis. The company raised about Rs 2,000 crore from a qualified institutional placement earlier this month, and it plans to use most of it to repay debt, the company’s chief financial officer Himanshu Mody told BQ Prime in an interview earlier this month.
Founded in 1995 by the late Tulsi Tanti, often called the “Wind Man of India”, the company has been through many troughs and crests since its inception. It was once the fifth-largest wind company in the world, …
Aakriti used to write at the intersection of public markets and large corporations. She joined The Morning Context from The Financial Express, where she was with the markets team, and before that had started out in business journalism as a correspondent with Reuters.
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