{"id":282972,"date":"2019-07-18T05:56:45","date_gmt":"2019-07-18T05:56:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282972"},"modified":"2019-07-18T05:56:45","modified_gmt":"2019-07-18T05:56:45","slug":"suzlon-little-hope-of-recovery-after-recent-default","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-little-hope-of-recovery-after-recent-default\/","title":{"rendered":"Suzlon: Little hope of recovery after recent default"},"content":{"rendered":"<p>MUMBAI: For Suzlon Energy Ltd, once the poster child of India\u2019s future in renewable energy, the company now seems likes it has little hope of turning around. For a stock that listed at \u20b9510 back in 2005, and then doubled in price within six months, the fall in the last decade has been sharp and persistent. Now, a possible buyout by Canadian investment firm Brookfield is the only glimmer at the end of the tunnel.<\/p>\n<p>On Wednesday, the stock closed at \u20b94.46 apiece on the BSE.<\/p>\n<p>Earlier this week, the wind turbine maker missed the deadline to pay $172 million due to foreign currency convertible bondholders. The Pune-based company led by founder Tulsi Tanti, reported consolidated net term debt of \u20b97,761 crore and working capital debt of \u20b93,380 crore as of March 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: For Suzlon Energy Ltd, once the poster child of India\u2019s future in renewable energy, the company now seems likes it has little hope of turning around. For a stock that listed at \u20b9510 back in 2005, and then doubled in price within six months, the fall in the last decade has been sharp and persistent. Now, a possible buyout by Canadian investment firm Brookfield is the only glimmer at the end of the tunnel. On Wednesday, the stock closed at \u20b94.46 apiece on the BSE. Earlier this week, the wind turbine maker missed the deadline to pay $172 million [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-282972","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282972"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282972\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}