Suzlon Energy is planning to raise around Rs 1,500 crore. In this regards, the company is planning to sell its assets in India and overseas. The process of selling assets would at least take 12 to 18 months.
Two of the fifteen assets, which the company plans to sell, are located abroad. These assets have components manufacturing facility and old plants. Suzlon wants to sell some of its assets in Gujarat, Maharashtra, Tamil Nadu and Pondicherry.
Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. 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.