The Pune-based company, led by founder Tulsi Tanti, reported a total debt of ₹11,141 crore as of 31 March.
Suzlon has attempted to resolve its debt issued for almost seven years, with limited results.
As part of the plan, the federal government is mulling providing subsidies to partially cover the costs, one of the officials said.
The RBI circular last year, which scrapped previous methods for recasting bad loans, rattled companies and lenders alike.
Analysts say US oil firms will export more oil to sell off surplus stocks.
The company reported a net profit of Rs 8,263 crore for the third quarter.
Inking down a deal of selling 80.1% pf the power grids to Japan’s Hitachi, the Swiss engineering group ABB has cashed in worth $11 billion.
FAME II will have a major proportion being allocated for the development of electric vehicle charging infrastructure alongside local manufacturing of lithium-ion batteries, which form the core of electric vehicles.
Power Finance Corporation (PFC) on Thursday gets high nod from the Cabinet Committee on Economic Affairs (CCEA) for the acquisition of Centre’s 52.63 per cent holding in Rural Electrification (REC) along with management control.
India has emerged as the largest importer of Australian coal.