Inox Wind Energy board to mull fund raising

26 Aug 2022 , 09:37 AM

The fund raising will be done through preferential issue or on private placement basis. The board would also consider seeking approval of the shareholders for the same. Inox Wind Energy engaged in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business. The company reported a consolidated net loss of Rs 67.81 crore in Q1 FY23 as compared to a net loss of Rs 21.50 crore posted in Q1 FY22. Net sales rose 48% to Rs 211.95 crore in Q1 FY23 over Q1 FY22. Shares of Inox Wind Energy fell 1.73% to Rs 539 on BSE. Powered by Capital Market – Live News