We are not looking for equity investor at present: Suzlon's Tulsi Tanti

The company had said in July that it had completed the restructuring and term debt had reduced substantially

Topics
Suzlon | Coronavirus | debt investor

Amritha Pillay & Jyoti Mukul  |  Mumbai & New Delhi 

The pandemic and fear of another lockdown in parts of India has made it difficult to project a profit for the current year, according to Tulsi Tanti, chairman and MD of Suzlon. He expects it to take two years before the country recovers from the economic impact of Covid-19.

Earlier this year, Suzlon completed the second round of restructuring for a total debt of Rs 12,414 crore. The promoters and stakeholders also infused close to Rs 392 crore as equity, as part of this plan. He said the firm was not looking for any further equity investment. “We are not looking for a new ...

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First Published: Wed, October 21 2020. 06:05 IST
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