Inox's EPC subsidiary RESCO plans to raise through share sale

03 Sep 2024 CW Team

Inox Wind's engineering, procurement, and construction (EPC) subsidiary, RESCO, is set to raise Rs.3.5 billion through the sale of shares. This capital infusion aims to support the company's expansion and growth initiatives. RESCO, a key player in the renewable energy sector, plans to leverage this funding to enhance its project pipeline and bolster its market position.

The share sale is expected to attract significant interest from investors, given RESCO's established track record in the renewable energy industry. The funds raised will be used to finance new projects and potentially acquire additional assets, further strengthening the company's portfolio.

Inox Wind's move underscores its commitment to expanding its footprint in the renewable energy sector, aligning with broader industry trends towards sustainable and green energy solutions.

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