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Suzlon Energy defaults on payment of Rs 7256.38 crore

08 Jan 2020 Evaluate

Suzlon Energy has defaulted on the payment of Rs 7256.38 crore to a consortium of 18 lenders, led by State Bank of India (SBI). This amount includes interest of Rs 538.94 crore and principal amount of Rs 6717.44 crore. The company has also disclosed that total amount due to financial creditors stands at Rs 12785.17 crore.

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 2272.00
Apar Industries 15172.30
Havells India 1005.15
Suzlon Energy 36.95
Siemens 3339.15
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