Indowind Energy Ltd- Attractive Rights Issue Closes on 10th February 2023
Indian Economy & Market|February 2023
Indowind Energy Ltd. engaged in developing wind farms, managing the wind assets, and generating Green Power for sale to utilities, and corporations has announced a rights issue of 3,58,96,594 equity shares for cash at a price of Rs 12 per share aggregating to Rs 43,07,59,128 on rights basis in the ratio of 2 shares for every 5 shares held as on record date 13th January 2023.
Indowind Energy Ltd- Attractive Rights Issue Closes on 10th February 2023

The right issue opened on January 27 and will close on February 10, 2023. The proceeds of rights issue are being utilized to reduce debt obligations, which will help to leverage for expansion in capacities in future. The company expects to achieve a growth rate of at least 25% every year as it is planning for expansion in capacity and other emerging opportunities in renewable space. Company has built expertise to build Wind Power Projects - from concept to commissioning. Wind Asset Management Solution for installed assets, including operations, billing, and collection of revenue to project customers.

Financial Performance 

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