Skip to main content

MoneyWorks4Me

Inox Wind, Inox Green Energy Services pay debts of Rs 411 crore

30 Nov 2022 Evaluate

Inox Wind and its arm Inox Green Energy Services have paid debts of Rs 411 crore. The company and its subsidiary, as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore (aggregating to Rs. 411 crore) towards reducing their debt.

Consequently, the corporate guarantees given by Gujarat Fluorochemicals have also got reduced to that extent. Both the companies are in the process of further reducing their debt in due course.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.

Peers
Company Name CMP
Waaree Energies 2300.00
Apar Industries 15700.35
Havells India 1012.75
Suzlon Energy 33.85
Siemens 3285.00
View more..