Inox Wind surges 15% as promoter completes Rs 900 crore fund infusion

Quick Summary:

The company said the funds will be utilised by IWL to completely pare down its external term debt to achieve a net debt free status.

With strong promoter backing, healthy balance sheet, robust stakeholder relationships, and bright macro prospects, IWL is embarking on an exciting journey of growth and profitability.

With 3 MW series wind turbine generator (WTG) offering, IWL’s manufacturing capacity stands at approximately 2.5 GW per annum.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Inox Wind share Wind energy solutions provider CRISIL IWEL IWL Wind turbine generator Markets Fund infusion WTG Inox Wind Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 11:28:17 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21478223

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