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Suzlon Energy fails to make bond payment of $172 million

17 Jul 2019 Evaluate

Suzlon Energy has defaulted on a payment of $172 million worth of principal amount related to outstanding bonds. The company is working on a holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt, including the bonds. The outstanding principal amount of $172 million was part of a bond issue of $546.91 million.

Suzlon Energy is a leader in wind energy in India. The company is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world.

Peers
Company Name CMP
Waaree Energies 2329.40
Apar Industries 17943.05
Havells India 1050.00
Suzlon Energy 39.01
Siemens 3770.60
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