Inox Wind Energy Limited (IWEL). The funds were raised by IWEL on May 28, 2024, through sale
of equity shares of IWL through block deals on the stock exchanges, witnessing participation of
several marquee investors. The funds will be utilised by IWL to completely pare down its external
term debt to achieve a net debt free status*.
Mr. Kailash Tarachandani, CEO of Inox Wind, remarked, "It has been a remarkable journey
so far. This fund infusion will help us become a net debt free company, strengthening our balance
sheet and help accelerate our growth. We expect substantial savings in interest expenses going
ahead, aiding our profitability further. With all the building blocks in place, be it our execution
capabilities, state-of-the-art technological offerings, financial strength, robust order book and a
large order pipeline, we are geared up to embark on a substantial growth journey ahead.” Stock Ready to brake the triangle pattern
wait for the breakout level marked at chat
stock consolidation last four months if it is brake this level further move up to 220
volume also increased
stop loss 136