Suzlon Has A Robust Order Book

Online, October 15, 2012 (Newswire.com) - 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.

Apart from Suzlon, its subsidiary Repower also has a overflowing order book and is also cash flow positive. Repower has world's first working 6 MW wind turbine and has a product portfolio covering both on shore and off shore wind turbines. Suzlon is asking for an extension on FCCB payment as investments in business operations are necessary to ensure that company increases its revenues and profits thus benefiting all the stake holders. Company paid bond holders last time honoring its commitment to them. In the same manner, it has to also honour its commitments to other stakeholders including vendors and customer. Because it is normal business maxim that as long as company create value in business, capital structures can be worked out.