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Indowind Energy to set aside receivables from TANGEDCO, BESCOM

15 Jul 2021 Evaluate

Indowind Energy is aiming to set aside the receivables from TANGEDCO, Karnataka energy stock pending with BESCOM and receivables, totaling Rs 15 crore, for reducing debts to free up 9 MW capacity and for dispute settlements. On completion, this will help the company to improve profits and future liquidity for expansion.

Indowind, is an IPP in the renewable energy field generating “Green Power” through dedicated Wind farms & also offers allied services in the Wind Energy sector with a mission to be a global player in wind energy sector.

Peers
Company Name CMP
NTPC 326.15
Tata Power 365.85
Adani Power 201.75
Power Grid Corpn. 267.15
Adani Energy Solut. 1353.55
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