Inox Wind Divests ₹175 Crore Stake in Renewable Arm
Inox Wind sells ₹175 crore stake in Inox Renewable Solutions, streamlining assets, boosting capital for core wind operations, and attracting investor interest in Indian renewables.
Inox Wind, a major player in wind energy, has sold a ₹175 crore stake in its Inox Renewable Solutions subsidiary. This move streamlines their assets to focus on their main work: wind turbines and service operations. They're also getting new capital to grow.
The deal involves transferring some equity and related debt. Inox Wind plans to use the money for growth, R&D, and other investments.
Company leaders say this fits their plan to adjust their portfolio over time. It should also lower their debt and make it easier to get financing for future wind farm projects and tech improvements. Inox Renewable Solutions will now run on its own, looking for investors to expand its third-party services and EPC contracts.
Industry experts see this as a good thing for Indian renewables. It shows trust in asset sales and a maturing market, both key to attracting investors from India and abroad.
Inox Wind will still be a main supplier and service provider for the renewable energy part of the business, using their current tech and staff. Going forward, they’re focusing on better turbine models, digital monitoring, and combining wind and solar power in their parks.
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