Inox Wind will become a debt-free company after the infusion of Rs. 900 Crores. The company’s promoter Inox Wind Energy (IWEL) infuses this money. The company provides wind energy solutions like manufacturing Wind Turbines (WTGs) and site acquisition. It is good news for the company as it is becoming debt-free. The company announced this news on Thursday creating curiosity among everyone about it. Following are details about the ways through which the company claims its further growth.
How Will Inox Wind Limited Be a Net Debt-Free Company?
Inox Wind’s promoter Inox Wind Energy is going to infuse Rs. 900 Crores into the company. After this infusion, the company will become a net-debt-free company. CEO of Inox Wind, Kailash Taracandani mentions that the company will become net debt-free after this infusion. They are expecting a positive response in the future. The CEO of the company believes that this infusion will also help in strengthening the company’s balance sheet.
Inox Wind Limited deals in the wind energy sector. It is already grooming over time. As the world is shifting towards sustainable sources of energy, the company’s chances to grow rise further. The promoter of the company plays a crucial role in this step. The company will mainly use the fund to pay off all the debt from external sources. However, the net debt-free does not include the company being free from the promoter’s debt.
It is still valid. Inox Wind will become the net debt-free after this infusion. The company will be utilising its funds to pay off external debts. It will help the company focus on upcoming projects and maintain its value in the market. This infusion will help the company in several ways. Inox Wind’s move is playing out a smart role in the company. They are also expecting to have good savings and profitability. Inox Wind is moving further towards its growth. The company makes announcements sharing their further plans.
As the demand for wind energy tends to increase in the coming years, the company might look up to further investments in the expansion of its current units. In conclusion, the company will become debt-free as the promoters infuse the money. It will help the company to become net debt-free, strengthening its balance sheet, and promoting growth. The company’s CEO and other team members showed positive responses. They expect further improvements in the coming months in overall terms. Stay tuned for more information on our website.