In a bid to trim down its debt pile of about Rs 14,600 crore, world’s fifth largest wind turbine- maker Suzlon Energy is planning to raise up to $400 million by selling its non-core assets. In this regard, the company has identified 15 non-core assets, mostly in overseas markets like China, US, etc, which it plans to sell in the next 12-18 months in a phased manner.
The company has already initiated the process to sell stake in its wholly-owned Chinese subsidiary Suzlon Energy Tianjin, through which it will realise $ 60 million or Rs 338 crore.
Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.
