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Inox Wind informs about revision of credit rating

13 Jan 2025 Evaluate
Pursuant to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Inox Wind has informed that CARE Ratings (‘CARE’) has upgraded its ratings for the Company’s banking facilities as under: • ‘CARE A1+’, the highest rating assigned to the Company’s Short Term Bank Facilities, upgraded from ‘CARE A1’. The rating upgrade further demonstrates the Company’s strong financial position as the Company utilises most of its banking facilities by way of letter of credits (LC) and bank guarantees (BG) and • ‘CARE A+/ Stable’ rating assigned to the Company’s Long Term Bank Facilities, upgraded from ‘CARE A/ Stable’. These facilities are rarely utilised for cash management purposes only, since the Company’s balance sheet is already net cash positive. 

The above information is a part of company’s filings submitted to BSE.

Inox Wind Share Price

99.90 -3.70 (-3.57%)
11-May-2026 16:59 View Price Chart
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