Inox Wind Limited — Updates, 13-01-2025: Press Release

Inox Wind Limited (IWL) has achieved an upgrade to the highest rating for its short-term banking facilities from Care Ratings (CARE), moving from ‘CARE A1’ to ‘CARE A1+’. This rating underscores IWL’s strong financial health, as the majority of its banking facilities are utilized through letters of credit and bank guarantees. Additionally, long-term bank facilities also received an upgrade to ‘CARE A+ / STABLE’ from ‘CARE A / Stable’, reflecting IWL's net cash positive balance sheet and improved business risk profile resulting from substantial operational and financial performance enhancements.

IWL is experiencing rapid expansion driven by a healthy order backlog of approximately 3.5 GW and a significant order pipeline, positioning the company well to benefit from India’s growing renewable energy sector. The outlook remains positive as the company gears up for continued growth in order execution and profitability.

With robust stakeholder relationships and strong promoter backing, Inox Wind is poised for an exciting trajectory in the renewable energy market.