Inox Wind has secured approval from its board of directors to raise up to Rs 12.5 billion through the issuance of equity shares worth Rs 10 per share to its existing shareholders. Other terms and timing of the rights issue are to be decided.
Inox Wind is part of the Inox GFL Group. It provides infrastructure services encompassing the complete lifecycle of wind projects. It operates four wind turbine generator production plants in Gujarat and Madhya Pradesh, with a total manufacturing capacity of 1.5 GW.
Earlier in June 2025, Inox Wind Limited announced its results for the financial year (FY) of FY 2024-25, ending March 31, 2025. In the fourth quarter (Q4) of FY 2024-25, the company reported a total revenue of Rs 13.11 billion, marking a 130 per cent year-on-year increase from Rs 5.69 billion in Q4 FY 2023-24.
