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 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 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 companies are in the process of further reducing their debt in due course, it added.
Inox Wind Ltd is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs and Corporate investors. Inox Wind is a fully integrated player in the wind energy market with three state of-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.
(Edited by : Anushka Sharma)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha elections 2024: What's the vote-from-home facility? Know eligibility and procedure
Mar 28, 2024 4:02 PM
Poll officers cannot force electors who 'refuse' to vote at polling booths, says EC rule
Mar 28, 2024 2:19 PM
'Committed to serving you as son': Varun Gandhi's note for people of Pilibhit after BJP denies him ticket
Mar 28, 2024 2:03 PM
Lok Sabha elections 2024: Raigarh to Bastar, key seats in Chhattisgarh
Mar 28, 2024 11:40 AM