Inox Wind’s material subsidiary -- Inox Green Energy Services (IGESL) has received approval for fund raising, subject to receipt of requisite approvals including approval of the shareholders, market conditions and other considerations, by way of an initial public offer of its Equity Shares comprising of fresh issue of Equity Shares aggregating upto Rs 500 crore and/ or an offer of sale of Equity Shares by certain existing and eligible shareholders of the company. The Board of Directors of the company in their meeting held on December 6, 2021 has approved the same.
Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.
