The proposal is subject to the approval of the consortium of lenders and such other regulatory/nodal authority and further subject to the approval of the shareholders at a duly convened extra ordinary general meeting of the company. The announcement was made after trading hours yesterday, 24 February 2020.
On a consolidated basis, Suzlon Energy reported net loss of Rs 733.42 crore in Q3 December 2019 as compared to a net loss of Rs 98.65 crore in Q3 December 2018. Net sales slumped 40.1% to Rs 653.57 crore in Q3 December 2019 over Q3 December 2018.
Suzlon Energy is a producer of wind turbines. It offers a range of solar energy solutions, such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission and life cycle asset management.
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