Credit rating agency -- Crisil has upgraded rating for Inox Wind’s long-term bank facilities to 'A/Stable' from 'A-/Stable', while rating for its short-term bank facilities upgraded to ‘A1’ from ‘A2+’.
CRISIL’s rating upgrade reflects the improvement in company’s business risk profile on account of substantial improvement in operating performance. Further, the company’s deleveraging efforts through equity raise significantly improves its financial risk profile. Going ahead, a healthy net order book of 2.7 GW as of May 31, 2024 provides large revenue growth visibility and sustained profitability for the company, supported by policy tailwinds in the wind sector.
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.
| Company Name | CMP |
|---|---|
| Havells India | 1230.25 |
| Siemens | 3604.70 |
| Apar Inds | 12844.45 |
| ABB India | 6382.45 |
| Waaree Energies | 3209.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: