Suzlon looks to raise up to Rs 1,800 crore via QIP

The turbine maker, founded by the late Tulsi Tanti, has gone through two rounds of debt restructuring in its lifetime, the latest one in 2020 when its lenders decided to restructure the company’s over ₹13,000 crore debt. From 2020, through the restructuring, promoter capital infusion and a rights issue, the company has brought down its gross debt to ₹1,806 crore as of June 30, 2023 and a positive consolidated net worth of ₹1,297 crore.