Suzlon Group has received an additional sanction of working capital lines (substantially non-fund based) of Rs 2,300 crore to meet its requirements for execution of sizable order backlog and pipeline. This will enable Suzlon to scale up its volumes. The additional working capital sanctions are over and above the existing working capital facilities of Rs 4300 crore. These facilities will be catalyst to help Suzlon tap the growth opportunities in Indian and international markets.
The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America. With over two decades of operational track record, the Group has a cumulative installation of approximately 1SGW of wind energy capacity, a workforce of over 7,500, a vertically integrated, low cast manufacturing base, strong in house R&D set up in Germany, the Netherlands, Denmark and India.
