Inox Wind to Become Net Debt-Free with Rs 900 Crore Infusion 

Inox Wind Limited (IWL), a major player in the wind energy sector in India, has announced that it will soon be free of all external debt. This will be made possible by an infusion of Rs 900 crores from its promoter, Inox Wind Energy Limited (IWEL). The funds were raised through the sale of IWL shares on the stock market, attracting several prominent investors.

This move will help Inox Wind pay off its term debt entirely. According to Mr. Kailash Tarachandani, CEO of Inox Wind, this significant financial boost will improve the company's financial health, reduce interest expenses, and support future growth. Despite this achievement, the company will still have some debt related to its promoters.

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Inox Wind

Inox Wind Limited (IWL) is a leading wind energy company in India, part of the INOXGFL Group, which has a strong history in chemicals and renewable energy. IWL operates four advanced manufacturing plants across India, producing key wind turbine components with a yearly capacity of about 2.5 GW.

Its subsidiary, Inox Green Energy Services Ltd., is a major player in wind operation and maintenance with a large portfolio. The company offers comprehensive wind energy solutions, from manufacturing to maintenance, and is certified for its high standards. Backed by strong financials and growth prospects, IWL is set for continued success in the wind energy sector.