Senvion

Siemens Gamesa to buy assets from wind turbine maker Senvion

Siemens Gamesa said the assets it is buying include a large part of Senvion's European onshore services business, all its intellectual property as well as an onshore blade manufacturing facility in Vagos, Portugal.

German wind turbine maker Senvion to acquire Kenersys India

Senvion will be able to start its operations with the assets immediately after the closing of the transaction and obtaining the necessary approvals, it said.

Budget 2016: Expect to turn profitable by end of FY16, says Suzlon's Tanti

Tanti forecasts a growth of 30% for the Indian wind sector, but he says Suzlon is going to do better than that.

Banks opt for offbeat tactics to tackle $49 bn of bad debts

Under pressure to do more to cut a USD 49 billion mountain of bad debt, India's state-owned banks are reversing years of lax recovery efforts, naming and shaming smaller borrowers and even using big TV screens at shopping malls to advertise seized assets for sale.

Suzlon's loss widens to Rs 1,212 cr in Q4

Company's losses widened to Rs 1,212.06 crore during the March quarter due to a fall in income and provision for impairment of goodwill following sale of its German subsidiary Senvion.

Seven cases referred to CDR cell in Q4: Sources

In full-year FY15, just 32 cases have been referred to the CDR cell, which is a marked improvement when compared with 101 in FY14.

Suzlon shrugs off weak Q3, climbs 18% on deal with Shanghvi

Dilip Shanghvi has agreed to buy a 23 percent stake in Indian wind turbine maker Suzlon Energy for about USD 290 million.

Suzlon's Q3 net loss widens to Rs 6,538.68 crore

Suzlon had reported a loss of Rs 1,075.25 crore in the corresponding period a year ago. Its total income declined marginally to Rs 4,977.18 crore during the October-December quarter as against Rs 5,052.2 crore in the third quarter of FY14

Interest cost to halve; to turn profitable in FY16: Suzlon

Suzlon Energy chairman Tulsi Tanti said the sale of its German subsidiary Senvion, which accounted for half of the group's revenues, would help the residual business grow at a faster pace.

Suzlon exposure to halve post loan repayment: Central Bank

Suzlon today said it will repay domestic term loans worth Rs 5000 crore with the proceeds from the sale. It further said it will use Senvion‘s offshore technology by paying a license fee.

Suzlon sells German arm Senvion for euro 1 bn; to cut debt

Suzlon said it will repay domestic term loans worth Rs 5000 crore with the proceeds from the sale of its German arm Senvion

Part of consortium looking after Suzlon CDR: Bank of Baroda

Wind turbine maker Suzlon is close to selling off its wholly-owned German subsidiary Senvion for 1 billion euro (about Rs 7200 crore) as against its acquisition cost of 1.5 billion euro.

Suzlon likely to sell subsidiary Senvion to pare debt

The company‘s board met on Tuesday to discuss its debt reduction strategy and is in the process of implementing Rs 9500 crore corporate debt restructuring (CDR) plan.

Suzlon Q2 loss at Rs 656 cr; logs rise in income

Suzlon plans to list its German subsidiary Senvion on the London Stock Exchange through an initial public offer which is likely to garner close to Rs 7,000 crore.

Suzlon to list German subsidiary Senvion on LSE by fisc end

World's fifth largest wind turbine maker Suzlon plans to list its German subsidiary Senvion on the London Stock Exchange through an initial public offer which is likely to garner close to Rs 7,000 crore.