Suzlon Energy gains 4%; gets additional working capital

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Suzlon Energy gained 4.5 percent intraday Friday as it has received additional sanction of working capital lines of Rs 2300 crore. The sanction of this working capital is to meet requirements for execution of sizable order backlog and pipeline. This will enable Suzlon to scale up the volumes.The additional working capital sanctions are over and above the existing working capital facilities of Rs 4300 crore, as per BSE release.Kirti Vagadia, CFO of Suzlon Group said, "The additional working capital facilities sanctions by our bankers will help fuel Suzlon's business growth and enable us to ramp up volumes rapidly."Recently, the company has signed a bidding term sheet and received advance payment for execution of 197.40 MW with one of the leading renewable energy IPP company and also it won 210 MW project from Southern Power Distribution Company, Telengana.At 10:55 hrs Suzlon Energy was quoting at Rs 20.55, up Rs 0.35, or 1.73 percent on the BSE.Posted by Rakesh Patil