Suzlon, which is controlled by Gujarati businessman Tulsi Tanti, was saved by lenders many times in the past seven years

When many billionaires surrendered their businesses to the Insolvency and Bankruptcy Code (IBC) -- Suzlon head Tulsi Tanti managed to scrape through the financial difficulties. The situation is not same as before

With over Rs 11,000 crore debt and an impending $172 million FCCB payout next month, Suzlon is negotiating with lenders and potential investors

The companies have signed a binding agreement, which also has a future earn-out clause of an additional 50 million euros, they said in a statement.

Currently, the total bad loans and restructured assets stand at about Rs 6 lakh crore. Of this around 45 per cent constitutes non-performing assets.

Manufacturing's share in the country's GDP has fallen in recent years and it will take more than a marketing campaign to turn India into a manufacturing powerhouse.

The figures confirm that companies in the capital goods, metals and infrastructure sectors have been hit the hardest, along with those in drugs and pharmaceuticals.

The high debt levels have not only bought firms under severe stress, it has also bought to the fore concerns of economic stability and the growth trajectory of country.

Accelerated depreciation, a scheme disallowed two years ago, allows companies to claim a bigger deduction during the initial years after the purchase of an asset compared with other depreciation accounting methods.

REpower Systems, a wholly owned subsidiary of the Suzlon Group has signed contracts to deliver 103 wind turbines with a total capacity of over 266 MW for 24 community wind farm projects in the Schleswig-Holstein region of Germany, the company said in a statement.

REpower Systems SE, part of wind turbine maker Suzlon group, has bagged an order worth 90 million euros (over Rs 639 crore) for four wind power projects in Germany.

REpower Systems SE has signed a contract with German firm PNE Wind AG to deliver 54 offshore wind turbines at a wind farm in Germany.

Suzlon holds a 26 per cent stake in Hansen Transmission through its Netherlands-based subsidiary. It'll sell its entire stake to German firm ZF Friedrichshafen for Rs 840 crore approx.

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