Suzlon is nothing if not determined to take over Repower Systems AG.

Sources close to the company said it had organised funds worth €625 million (Rs 3,408 crore) through two bridge loans, a €325 million (Rs 1772 crore) 10-month tranche and a €300 million (Rs 1,636 crore) 18-month tranche. ABN Amro is the lead manager for the fund collection.

I've been an admirer of Suzlon for some time - there's something hugely admirable about an Indian firm that turns up and blows a whole lot of competition out of the water, whilst impressing the analysts with its high double-digit margins.

Yet somehow I sense that they are losing focus in their quest for scale - e.g. the interest in solar power and biodiesel, the unwelcomed takeover bid for Repower Systems AG and above all, the declining margins - EBITDA margin stood at 17 per cent at the end of Q4 FY07 against 26 per cent in Q4 FY06.