Inox Wind signs Rs 22 Bn consortium agreement led by ICICI Bank

27 Sep 2024 CW Team

Wind energy solutions provider Inox Wind Limited (IWL) has entered into a consortium agreement with a group of 10 banks, spearheaded by , the company announced.

The agreement grants credit facilities worth approximately Rs 22 billion, with the potential to increase to Rs 24 billion based on a working capital assessment conducted by ICICI Bank.

The shares of Inox Wind closed in the greens up 5.16%, at Rs 253.90 a piece on BSE. The company also said that these limits are predominantly non-fund based, including bank guarantees (BGs) and letters of credit (LCs). The facilities have been granted on the strength of IWL's balance sheet, without requiring corporate guarantees or additional financial support from its parent company, Gujarat Fluorochemicals Ltd. (GFL).

With this agreement, any previous corporate guarantees or financial backing extended to IWL by GFL will be vacated in the near future.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..