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Inox Green Energy Services Ltd News

Inox Green Energy Services board approves fundraise worth Rs 1,050 crore

Inox Green Energy Services on Wednesday said its board of directors has approved a proposal to raise up to Rs 1,050 crore through issuance of equities and convertible warrants. The board of directors at its meeting held today approved the fund raise aggregating up to Rs 1,050 crore by way of a preferential issue, the company said in an exchange filing. Under the fund raising plan, the company intends to issue over 2.89 crore equity shares at an issue price of Rs 138 inclusive of a premium of Rs 128 per share, aggregating up to Rs 400 crore, to non-promoter entities. The company also plans to issue over 4.48 crore convertible warrants each carrying a right to subscribe to one equity share of face value of Rs 10 each of the company at a price of Rs 145 per warrant inclusive of premium of Rs 135 in one or more tranches aggregating up to Rs 650 crore to both promoter/promoter group and non-promoter entities. Inox Green Energy Services, an INOX GFL Group company, is engaged in the busin

Inox Green Energy Services board approves fundraise worth Rs 1,050 crore
Updated On : 26 Jun 2024 | 5:35 PM IST

Inox subsidiary bags Rs 40 cr order to restore wind turbine generators

Inox Green Energy Services on Tuesday said its subsidiary I-Fox Windtechnik India Pvt Ltd has bagged an order worth Rs 39.5 crore for restoration of 33 wind turbine generators (WTGs) of 1.5MW each from NLC India. The scope of the contract comprises supplies of materials/spares and other activities for the restoration of 33 WTGs within a period of eight months, with a revenue realisation of Rs 39.5 crore (inclusive of taxes) during the contract period, a company statement said. The order is for the restoration of 33 wind turbine generators (each 1.5 MW) of NLC India's wind power plant located at Tenkasi district in Tamil Nadu, the statement added. "We are delighted to receive another order from NLC India after securing the contract for comprehensive O&M of 51MW WTGs for 5 years during the last year," SK Mathu Sudhana, CEO of IGESL said in the statement. This is another important landmark in the growth journey of IGESL as well as of our subsidiary I-Fox Wind, and the company is ...

Inox subsidiary bags Rs 40 cr order to restore wind turbine generators
Updated On : 19 Mar 2024 | 1:38 PM IST