Can Suzlon ride out the storm?

Last week, Suzlon Energy defaulted on $221 million worth of foreign currency convertible bonds (FCCBs) — the biggest ever default by an Indian company — as bondholders refused to grant four months’ extension sought by the company. The default has raised a question mark over the survival of the beleaguered wind-turbine maker.

Not so long ago, Chairman Tulsi Tanti was a symbol of what India Inc could do in a globalised world. In a little over 10 years, he transformed Suzlon from a three-man start-up to India’s wind energy goliath and one of the world’s leading wind-turbine makers.

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1 Response

  1. raj says:

    in all business passages there are hurdle and hick ups . no industrial house has developed with out hick ups . some hobbling may be there but courage and perseverance it can be over come . the biggest industrial house of Ambani had many crisis in 1970 and 80 but sheer grit and determination the crisis was over come . i am sure Suzlon will overcome crisis

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