Suzlon has a robust order book

PRLog (Press Release) - Oct. 14, 2012 - Suzlon energy, among world’s largest wind turbine manufacturer has a promising business outlook supported by its robust order book. This shows the fundamental strength of the company’s business model and management team. The company has also enhanced its collections drive to realize the receivables to improve cash flow. As a part of its measures to improve cash flow, it had asked for an extension to FCCB redemption. It already demonstrated great strength and commitment by repaying it first tranche of FCCB repayment in time. The company has also been very well backed by a consortium of around 11 banks, most of them nationalized. These primary lenders and banks and FIs still are supporting Suzlon completely.  Customers and vendors have stuck with company because they trust this brand and have faith in it.

The company is asking for an extension on FCCB payment as investments in business operations are necessary to ensure that company increases its revenues and profits benefiting all the stake holders. Company paid bond holders last time honoring its commitment to them. In the same manner it has to honour its commitments to other stakeholders including vendors and customer. Because as long as company create value in business, capital structures can be worked out.