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At Suzlon, CEO Chalasani is powering profitability. But is the turnaround sustainable?

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At Suzlon, CEO Chalasani is powering profitability. But is the turnaround sustainable?
At Suzlon, CEO Chalasani is powering profitability. But is the turnaround sustainable?
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Brahminwel, the area which is the site for one of the largest windmill projects started by Suzlon.

Synopsis

Once on the brink of bankruptcy, Suzlon is now completely debt-free. Over the past year, its shares have risen 6x, and the company has been garnering a lot of investor interest. But many still feel there is a tailwind that is powering Suzlon. Can it become India Inc’s rarest of the rare comeback story? Read on.

How to protect a wind turbine company from a perfect financial storm? Even before the onset of 2020 global pandemic, Suzlon was a business in crisis. However, things have turned around in the past two years. “In August 2023, we became debt free; not just net debt-free but completely debt-free,” Suzlon’s two-time Group chief executive officer Jayarama Prasad Chalasani tells ET Prime. “We have fixed everything that had been an issue for the last
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The Economic Times