Suzlon Energy fails to make bond payment of $172 million
17th Jul 2019

Suzlon Energy has defaulted on a payment of $172 million worth of principal amount related to outstanding bonds. The company is working on a holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt, including the bonds. The outstanding principal amount of $172 million was part of a bond issue of $546.91 million.

Suzlon Energy is a leader in wind energy in India. The company is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world.