Suzlon receives additional credit of Rs 2,300 crore over and above existing limits
The additional working capital sanctions are over and above the existing working capital facilities of Rs 4,300 crore (USD 644 million), the company said in its press release.
Kirti Vagadia, Chief Financial Officer (CFO), Suzlon Group said, “The additional working capital facilities sanctioned by our bankers will help fuel Suzlon’s business growth and enable us to ramp up volumes rapidly. Our improved credit rating to investment grade helps us in getting timely and cost-effective finance. It will also enable us to capitalize on enormous opportunities in the renewable sector in India."
The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.
Approximately 9GW of the Group’s installation is in India, making it the largest wind energy generation provider in the country.
Image:- Suzlon Website
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