Indowind Energy has won the Arbitration claim against Suzlon Energy, of Rs 20.74 crore with interest at 18% from April 1, 2015 till the date of payment of the aforesaid award amount. On realization of the aforesaid award amount, the company plans to reduce its debts or add capacities to increase the bottom line.
Indowind Energy is engaged in the business of generation and distribution of power through windmill. The company’s segments include Power Generation, Project Sale and Others.