 "Suzlon secures additional credit facility of Rs 2,300 crore")
"It 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 said in a BSE filing.
These facilities will be catalyst to help Suzlon tap the growth opportunities in India and International markets, it added.
Suzlon Group CFO Kirti Vagadia 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...It will also enable us to capitalise on opportunities in renewable sector in India."
Shares of Suzlon Group were trading at Rs 20.60 apiece, up 1.98 per cent, from their previous close on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%