Inox Wind to Achieve Net Debt Free Status with Rs. 900 Crore Infusion by Promoter

Inox Wind Ltd, a leading wind energy solutions provider, has announced the completion of a Rs. 900 Crore infusion by its promoter, Inox Wind Energy Limited (IWEL). The funds, raised through block deals on the stock exchanges, will be used to completely pare down the company's external term debt, thereby achieving a net debt free status. The move is expected to strengthen the company's balance sheet, accelerate its growth, and aid profitability with substantial savings in interest expenses.