IWEL raises Rs 8 billion via Inox Wind stake sale
ECONOMY & POLICY

IWEL raises Rs 8 billion via Inox Wind stake sale

Inox Wind Energy (IWEL) announced that it had successfully raised Rs 8 billion through the sale of equity shares of Inox Wind.

The company stated that IWEL, the promoter of Inox Wind (IWL), had accomplished the task of raising Rs 8 billion through the sale of equity shares of Inox Wind through block deals on the stock exchanges. The funds obtained from this transaction would be injected into IWL and utilised for repaying IWL's external debt, marking a significant milestone towards achieving a net-debt free status.

According to the statement, the transaction had seen active participation from long-only domestic and foreign institutional investors. Devansh Jain, Executive Director of INOXGFL Group, mentioned that they had taken a significant step towards their objective of making Inox Wind debt-free through this transaction.

He remarked that with this transaction, they had moved closer to their goal of achieving a net debt-free status for Inox Wind. He added that as Inox Wind entered its next phase of growth, supported by India's renewable energy targets, its strong financial position, and effective execution capabilities, they had ensured that all necessary mechanisms to expand operations were in place.

Inox Wind Energy (IWEL) announced that it had successfully raised Rs 8 billion through the sale of equity shares of Inox Wind. The company stated that IWEL, the promoter of Inox Wind (IWL), had accomplished the task of raising Rs 8 billion through the sale of equity shares of Inox Wind through block deals on the stock exchanges. The funds obtained from this transaction would be injected into IWL and utilised for repaying IWL's external debt, marking a significant milestone towards achieving a net-debt free status. According to the statement, the transaction had seen active participation from long-only domestic and foreign institutional investors. Devansh Jain, Executive Director of INOXGFL Group, mentioned that they had taken a significant step towards their objective of making Inox Wind debt-free through this transaction. He remarked that with this transaction, they had moved closer to their goal of achieving a net debt-free status for Inox Wind. He added that as Inox Wind entered its next phase of growth, supported by India's renewable energy targets, its strong financial position, and effective execution capabilities, they had ensured that all necessary mechanisms to expand operations were in place.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

GMDA to Spend Rs 86 mn on Green Belts Along Seven Gurugram Roads

The Gurugram Metropolitan Development Authority (GMDA) will spend Rs 86 mn to develop, upgrade and maintain green areas along seven key sector-dividing roads in the city after three tenders were floated, officials said. The project is intended to create landscaped stretches that can absorb additional rainwater runoff and reduce waterlogging during the monsoon. Contractors will be given six months to complete development work and 36 months of maintenance obligations. GMDA chief executive officer PC Meena stated that green areas will be established along sector-dividing roads in sectors 47/49, 4..

Next Story
Infrastructure Urban

Modern College Inaugurates Phase Two Campus Road Supported By HiKOKI

Modern College in Kohima formally inaugurated Phase two of its campus road on 12 August 2026 in an event marked by senior officials of HiKOKI Power Tools India Pvt. Ltd. The programme began at 10:30 am with a prayer led by Pezangulie Keyho, pastor of Piphema A Baptist Church, followed by the unveiling of a road monolith and a sapling plantation drive. The ceremony brought together college administrators, company representatives and students to witness completion of the latest stretch of the thoroughfare. The HiKOKI delegation included Rajan Batra, director of sales, Harsha Kumar, assistant gen..

Next Story
Infrastructure Urban

158 Remote Villages in Andhra Pradesh to Get Roads

In a major push to take development to the doorstep of people in remote habitations, 158 villages and hamlets in Andhra Pradesh will receive road connectivity for the first time under the Pradhan Mantri Gram Sadak Yojana. The project carries an administrative sanction of Rs 4.22 billion (bn) and officials said it is expected to transform access to education, healthcare, markets and other essential services for thousands of residents. The scheme covers construction and bridging works across several districts. The plan provides for 146 roads covering 347 km and 19 bridges to be built, with execu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement