Inox Wind secures Rs 2,200-2,400 crore financing agreement with ICICI Bank-led consortium.
Inox Wind Limited has secured a financing agreement with a consortium of banks led by ICICI Bank, amounting to approximately Rs 2,200 crore, potentially rising to Rs 2,400 crore based on working capital assessments. The facilities are mainly non-fund-based, consisting of bank guarantees and letters of credit. This arrangement highlights the banking sector's confidence in Inox Wind's financial health, bolstered by its strong operational performance.
September 23, 2024
8 Articles