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Suzlon Energy seeks Rs 4,200-crore bailout from govt-owned PFC, REC – EQ Mag Pro

The company had net debt of nearly Rs 6,405 crore as of September last year Suzlon Energy, a loss-making renewable power firm, has sought a Rs 4,200-crore bailout from the government-owned Power Finance Corporation (PFC) and REC. According to banking sources, Suzlon Energy has proposed that because REC and PFC have specialised knowledge about the […]

Siemens Gamesa sells power electronics biz to ABB for undisclosed amount – EQ