The company had said in July that it had completed the restructuring and term debt had reduced substantially
The company is also in discussions with the foreign currency convertible bond holders for settlement of the FCCB borrowing, the filing said.
The Centre's latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company
Suzlon, India's leading wind turbine manufacturer, defaulted on payment of Rs 1,169 crore ($172 million) due to its foreign currency convertible bond (FCCBs) holders in July
Suzlon shares rose as much as 14% in early Mumbai trading on Friday, the biggest intraday gain in two weeks
The source said Brookfield's offer to infuse fresh equity into the company would depend on the haircut to be taken by the banks
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In October 2012, when Suzlon defaulted on a repayment of $221 million, it was India's biggest bond default till then
While the weakness has contributed to Suzlon's bad financial health, industry experts pointed out that a long-term strategy was missing
CARE Ratings in April downgraded Suzlon's Rs 16,185.46 crore worth debt to a default rating
The firm restructured its loans in the past and had long-term debt of around Rs 71.4 billion as of end-June
This will be CLP's second joint venture project with Suzlon
The company at present has a 20 per cent share in the 7,500 MW wind capacity already auctioned
On NSE, shares of the company ended at Rs 11.35, up 3.18 per cent
Pune-based company had posted a net loss of Rs 333 crore in the corresponding quarter of last fiscal
Says exit from the CDR cell is needed for its ratings
The order consists of 108 units of S111 90m tubular tower with rated capacity of 2.1 MW
This combined capacity includes orders from reputed corporate houses such as Serum Institute of India
Projects are spread across states of Gujarat and Andhra Pradesh and are scheduled to be completed by March 2017
To expand into solar power and high growth areas such as US China, Brazil and others