Suzlon-So Much Wind And Zero Profits? Is This A Rs 10000 Cr Bubble?

Suzlon Energy announced that the Securities Issue Committee of the Board  of Directors of the Company at its meeting held on 16 September 2015, approved allotment of 3,53,09,144 (Three Crores Fifty Three Lacs Nine Thousand One Hundred Forty Four) equity shares of Rs. 2/- (Rupees Two  Only) each on conversion of 9,064 (Nine Thousand Sixty Four) USD  546,916,000 Step-up Convertible Bonds due July 2019 of USD 1,000 each at  a conversion price of Rs.15.46 (Rupees Fifteen and Raise Forty Six Only) per equity share with a fixed rate of exchange on conversion of Rs. 
60.225 to USD 1.00 in terms of the Information Memorandum dated 17 June 2014, pursuant to the conversion notices received from certain  bondholders of the USD 546,916,000 Step-up Convertible Bonds due July 2019. 

Post aforesaid allotment, the paid-up capital of the Company is Rs. 981,66,86,242/- (Rupees Nine Hundred Eighty One Crores Sixty Six Lacs  Eighty Six Thousand Two Hundred Forty Two Only) divided into 490,83,43,121 (Four Hundred Ninety Crores Eighty Three Lacs Forty Three  Thousand One Hundred Twenty One) equity shares of Rs. 2/- (Rupees Two  Only) each.