Inox Wind Ltd News Today

The project is set for execution across Gujarat and Rajasthan, with multi-year operations and maintenance (O&M) support provided post-commissioning.

Inox Wind's recent fund offerings, together with its operational ramp-up, have resulted in a net cash positive balance sheet, according to the business.

The 550 MW LoI is in addition to the company's prior order of 200 MW, bringing Inox Wind's order book to more than 3.5GW.

The money raised will be used to expand the business offerings and capitalise on large-scale prospects in the Indian wind industry

Inox Wind will carry out this project across four states: Madhya Pradesh, Karnataka, Rajasthan, and Maharashtra.

Inox Wind secures a 201 MW order from Integrum Energy Infrastructure Ltd to supply 3 MW wind turbine generators and provide multi-year operations

Inox Wind will also provide post-commissioning multi-year operations & maintenance (O&M) services for the project. The project spans across Gujarat and Rajasthan.

On May 28, Inox Wind Energy raised this money by selling roughly 5% of its shares in the company through block agreements.

Inox Wind Ltd. stated in a regulatory filing that it will use the money to pay off all of its external term debt and become debt-free.