Suzlon secures additional credit facility of Rs 2,300 crore

January 14, 2016

Suzlon Group  has announced that it  received an additional credit facility of Rs 2,300 crore above the existing working capital lines to meet its requirements for execution of projects.

In a BSE filing the company stated  “Suzlon has received an additional sanction of working capital lines of Rs 2,300 crore to meet its requirement for execution of sizable order backlog and pipeline… the additional working capital sanctions are above the existing working capital facilities of Rs 4,300 crore.”

Suzlon Group CFO Kirti Vagadia said: “The additional working capital facilities sanctioned by our bankers will help fuel Suzlon’s business grwoth and enable us to ramp up volumes rapidly…it will also enable us to capitalise on opportunities in renewable sector in India.”

Posted in Alternative/Renewable by admin

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