Inox Wind to Become Net Debt-Free with Rs 900 Crore Infusion 

Inox Wind will eliminate its external debt with a Rs 900 crore infusion from its promoter, Inox Wind Energy Limited. This move is expected to enhance financial health and support future growth, though some promoter-related debt will remain.

by Damodharan N

Updated Jul 05, 2024

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Inox Wind to Become Net Debt-Free with Rs 900 Crore Infusion

Inox Wind Limited (IWL), a major player in the wind energy sector in India, has announced that it will soon be free of all external debt. This will be made possible by an infusion of Rs 900 crores from its promoter, Inox Wind Energy Limited (IWEL). The funds were raised through the sale of IWL shares on the stock market, attracting several prominent investors.

This move will help Inox Wind pay off its term debt entirely. According to Mr. Kailash Tarachandani, CEO of Inox Wind, this significant financial boost will improve the company's financial health, reduce interest expenses, and support future growth. Despite this achievement, the company will still have some debt related to its promoters.

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Inox Wind

Inox Wind Limited (IWL) is a leading wind energy company in India, part of the INOXGFL Group, which has a strong history in chemicals and renewable energy. IWL operates four advanced manufacturing plants across India, producing key wind turbine components with a yearly capacity of about 2.5 GW.

Its subsidiary, Inox Green Energy Services Ltd., is a major player in wind operation and maintenance with a large portfolio. The company offers comprehensive wind energy solutions, from manufacturing to maintenance, and is certified for its high standards. Backed by strong financials and growth prospects, IWL is set for continued success in the wind energy sector.
 

 

Inox Wind to Become Net Debt-Free with Rs 900 Crore Infusion - FAQs

1. What is Inox Wind Limited?    

A leading wind energy company in India.

2. What recent financial milestone did Inox Wind achieve?  

It will become net debt-free with a Rs 900 crore infusion.

3. Who provided the Rs 900 crore infusion?  

Its promoter, Inox Wind Energy Limited (IWEL).

4. How was the Rs 900 crore raised?  

Through the sale of IWL shares on the stock market.

5. What will the funds be used for?  

To pay off all external term debt.

6. Who is the CEO of Inox Wind?  

The CEO of Inox Wind is Mr. Kailash Tarachandani.

7. Will Inox Wind have any debt after this infusion?  

Yes, it will still have some promoter-related debt.

8. How many manufacturing plants does IWL operate?  

IWL operate Four manufacturing  plants across India.

9. What is the annual manufacturing capacity of IWL?    

the annual manufacturing capacity of IWL is About 2.5 GW.

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