The company, which got a lifeline from its lenders in January with Rs.9,500 Cr debt restructuring, has planned to reduce debt and interest by selling non-core assets and cut its fixed costs by nearly 20%.
Suzlon is also planning to sell stake in its forging business SE Forge and selling some of their components manufacturing facilities in the country.
This is a part of Suzlon's cost cutting and debt reduction programme.
The company this March raised $647 Mn in overseas bond sale, which was guaranteed by its lead banker SBI as part of its plan to retire its $650 Mn forex loans.
Late January Suzlon managed a Rs.9,500 Cr CDR out of its Rs.14,568 Cr loans from 19 lenders led by State Bank of India. Following the CDR, 21 banks and other financial institutions would hold 32.1% stakes.
Last year Suzlon Energy Limited has raised 750 Mn Euros for its wholly owned subsidiary RePower Systems SE.