In Short : At a valuation of ₹7,400 crore, Inox Wind sold a ₹175 crore share in Inox Renewable Solutions, its engineering, procurement, and construction (EPC) division. The action is in keeping with its overarching plan to optimize processes and provide value for all parties involved.
Boosting Post-Merger Financial Structure
This equity sale comes after Inox Wind Energy’s prior merger into the parent firm, which contributed to a ₹2,050 crore reduction in liabilities. The company’s dedication to strengthening its balance sheet and achieving confirming valuation through strategic investments is further demonstrated by the disposal of its EPC arm.
Investor confidence and a positive market signal
Markets reacted favorably to the statement, which caused Inox Wind’s stock to rise by almost 5% during intraday trading. This indicates that investors are once again confident in the company’s long-term prospects and strategic orientation.
Impact and Significance of Clean Energy
Inox Wind may reinvest in its core clean energy activities, including the production of wind turbines, the production of electricity, and the development of infrastructure, by selectively monetizing its EPC division. This financing move speeds up its contribution to the deployment of low-carbon infrastructure and improves operational agility. India’s infrastructure resiliency and renewable energy growth are further supported by this capital efficiency.
Concerning Inox Wind
An important participant in India’s wind energy market is Inox Wind Limited, a division of the $12 billion INOXGFL conglomerate. It offers complete wind energy solutions across cutting-edge facilities in Gujarat, Himachal Pradesh, and Madhya Pradesh, including design, manufacturing (blades, towers, hubs, and nacelles), EPC, and operations & maintenance. For wind generating projects all over India, its EPC division, Inox Renewable Solutions (previously Resco Global Wind Services), provides end-to-end infrastructure. Inox Wind is still in the forefront of strategic financial initiatives and renewable deployment because to its robust support and highly diversified order book.
