You are here: Home » Companies ยป News
Airtel Business wins TPWODL mandate to power 2 lakh smart meters with IoTs
Britannia Industries enters into a JV with French cheese maker Bel SA
Business Standard

Inox Wind, Inox Green Energy Services reduce debt by Rs 411 crore

Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore.

Inox Wind  | Inox | Wind energy

Press Trust of India  |  New Delhi 


solutions provider Wind on Tuesday said the company and its arm Green Energy Services have paid debts of Rs 411 crore.

Wind Ltd and its subsidiary Inox Green Energy Services Ltd, as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore (aggregating to Rs. 411 crore) towards reducing their debt, an exchange filing said.

Consequently, the corporate guarantees given by Gujarat Fluorochemicals Ltd have also got reduced to that extent.

Both the are in the process of further reducing their debt in due course, it added.

Ltd is India's leading solutions provider servicing IPPs, Utilities, PSUs & Corporate investors.

Inox Wind is a fully integrated player in the market with three stateof-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh. Inox Wind's manufacturing capacity stands at 1,600 MW per annum.

Inox Green Energy Services Ltd (IGESL) is one of India's leading wind power operations and maintenance (O&M) service providers.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, November 29 2022. 22:08 IST