Global headwinds spell trouble for India’s Suzlon
Rakesh Kumar Kubde
October 29th, 2012
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Wind energy giant Suzlon, once a star of India’s green technology, is facing a stormy future after aggressive expansion left it mired in debt at a tricky time for the industry, analysts say.

The world’s fifth-largest wind turbine firm this month made the biggest default on repayments by an Indian company, after bondholders rejected its request for a four-month extension to more than US$200 million of debt.

Investors are watching with concern to see if founder Tulsi Tanti can steer them out of a desperate fund-crunch over the coming crucial months, in an uncertain global business environment.

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