SBI mulling debt restructuring plan for debt-ridden Suzlon Energy-February 2024-www.financetom.com

SBI mulling debt restructuring plan for debt-ridden Suzlon Energy

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SBI mulling debt restructuring plan for debt-ridden Suzlon Energy

Feb 13, 2020 1:18 PM

Debt-ridden Suzlon Energy may see some relief in the upcoming week as lead lender State Bank of India (SBI) will soon finalise the debt restructuring plan for the company, sources privy to the developments told CNBC-TV18.

The company reported widening of consolidated net loss to Rs 742.91 crore in December quarter mainly on account of lower revenues.

Total income from operations declined to Rs 672.99 crore in the quarter ended on December 31, 2019, from Rs 1,112.34 crore a year ago, the company said in a filing to the BSE.

First Published:Feb 13, 2020 10:18 PM IST

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