Crisis-stricken wind turbine maker quadruples deficit
Suzlon, previously considered a possible acquisition target for Vestas, highlights its domestic market leadership and India's bright future after releasing a financial report that failed to solve the company's big problem.
In these last few weeks, Suzlon has announced the sale of several subsidiaries. This sell-off, which thus far has mostly entailed the company's solar power project ventures, is part of the manufacturer's aim to reduce its large debt burden. In the autumn of 2018, Suzlon Chief Executive J.P. Chalasani stated that the firm would come close to a 40-50 percent debt reduction by the end of the fiscal year.
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