Inox Wind’s promoter -- Inox Wind Energy (IWEL) has infused Rs 900 crore into the company, following which the wind energy solutions provider will become a net debt-free company. This fund infusion will help Inox Wind to become net debt-free company, strengthening its balance sheet and help accelerate growth.
The funds were raised by the Inox Wind Energy on May 28, 2024, through sale of equity shares of Inox Wind through block deals on the stock exchanges, witnessing participation of several marquee investors. The funds will be utilised by Inox Wind to completely pare down its external term debt to achieve a net debt-free status. Net Debt is a metric that determines how well a company can repay all of its debt it was due immediately. Net debt free status is excluding promoter debt.
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.
Company Name | CMP |
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Havells India | 1662.30 |
Siemens | 6688.70 |
Apar Inds | 9866.05 |
Waaree Energies | 2851.00 |
ABB India | 6932.25 |
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