Suzlon Says Recovery on Track as Debt Holiday Ends
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Suzlon Energy Ltd., Asia’s biggest wind-turbine maker, said its business is recovering sufficiently to meet loan repayments that began this month after a two-year debt holiday ended.
The Pune, India-based company’s net loss narrowed to 6.56 billion rupees ($107 million) in the three months through September from 7.82 billion rupees the previous year, according to an e-mailed statement today. Operations are improving and revenues are expected to increase in the second half, said Kirti Vagadia, group head of finance.