Inox Wind Energy (IWEL) has completed infusion of Rs 800 crore (before taxes and fees) into the Inox Wind (IWL). This strategic action marks another significant milestone in IWL's journey towards financial sustainability and profitability.
On October 31, 2023, IWL’s promoter, IWEL, completed the successful fund raise of Rs 800 crore through an equity share sale of IWL on the stock exchanges, facilitated via block deals, witnessing participation of several marquee long-only foreign and domestic investors. The funds received will be utilized to repay IWL’s existing debt.
Inox Wind Energy is engaged in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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