Inox Wind jumps 7% after paying 250 crore debt to deleverage balance sheet

Shares of wind energy solutions provider Inox Wind rallied nearly 7% to Rs 131.2 in Wednesday’s intraday trade on BSE after it said that the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore.

“Inox Wind and its' subsidiary Inox Green Energy Services, 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. Consequently, the corporate guarantees given by Gujarat Fluorochemicals, have also got reduced to that extent. Both the companies are in the process of further reducing their debt in due course,” Inox Wind said in a BSE filing

Inox GFL Group stated the near-term goal is to deleverage all its operating entities and this repayment is a significant step towards achieving this goal.


Inox Wind is a wind energy solutions provider servicing IPPs, utilities, PSUs & 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.

At 9.54 am, the scrip was trading 2.7% higher at Rs 126 over its previous day’s closing price of Rs 122.75 apiece. The stock has also risen nearly 86% in the last six months.