Gujarat Fluorochemicals is planning to list its wind subsidiary, Inox Wind by FY14. Inox Wind is likely to raise more than Rs 800 crore via IPO for which it has appointed Axis Cap and Bank of America as lead advisors. Inox Wind currently contributes 30% revenue to Gujarat Fluorochemicals.
Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades and towers and at Una (Himachal Pradesh) for hubs and Nacelles. Inox Wind manufactures the key components to ensure high quality, most advanced technology, reliability and cost competitiveness.
Gujarat Fluorochemicals, part of the $2 billion INOX group of companies, is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.