The corporate is refinancing in an effort to streamline the lenders, avail higher phrases from restrictions on money utilization, and bolster progress of the enterprise
Matters
Suzlon Power | renewable enrgy | wind vitality sector
Abhijit Lele |
Final Up to date at April 16, 2022 06:05 IST
Wind vitality gear maker Suzlon Power (SEL) is planning to boost about Rs three,000 crore by long-term credit score to refinance its current time period loans and non-fund-based limits. The corporate is refinancing in an effort to streamline the lenders, avail higher phrases from restrictions on money utilization, and bolster progress of the enterprise.
The money flows are ring-fenced, and the prevailing or proposed debt is being restructured or sanctioned for the entities below Suzlon The Group (STG) — comprising SEL and its 4 subsidiaries. The general rated limits, together with time period loans …
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First Revealed: Sat, April 16 2022. 06:05 IST
