Suzlon extends net loss to INR 18.6bn
The Indian wind OEM's fate seems set to be spun in 48 days, while certain creditors are already warning of an insolvency petition. Meanwhile, the order book is cut in half, and the net loss now exceeds revenue.
In the last quarter, Indian wind turbine maker Suzlon installed just 2 MW. However, during the same period, the value of the company's back catalog dwindled by a whopping 45 percent relative to the preceding quarter to INR 43.4 billion (EUR 560 million).
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