Suzlon Group, India’s largest renewable energy solutions provider, today announced the execution of definitive documents for securing working capital facilities with REC Limited. Suzlon will utilise this facility for meeting working capital requirements for the execution of its current order book and future order pipeline.
This will enable the Company to ensure faster ramp-up of its operations and improve the utilisation of its installed capacities. Challenges in securing working capital for the last few years were a major constraint in increasing volumes and orderbook expansion. The current facility sanctioned by REC is a testament of the Company’s improved financial strength.
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