Suzlon feels financial woes over with REC-led refinance; looks to raise Rs 1,200 cr in FY23 from rights issue

Suzlon Group is looking to raise up to Rs 1,200 crore through a rights issue of shares by the fiscal-end to pare the refinanced debt of Rs 3,000 crore, its Chief Financial Officer Himanshu Mody said. "The financial woes are behind us. We have a healthy balance sheet, good order book and a strong pipeline," Mody said.