Tag: Indowind Energy

  • Indowind Energy Limited Eyes Growth with Proposed 5.1 MW Operational Wind Project Acquisition

    Indowind Energy Limited Eyes Growth with Proposed 5.1 MW Operational Wind Project Acquisition

    Chennai (Tamil Nadu) [India], December 23: Indowind Energy Limited (BSE: 532894 | INE227G01018 | NSE: INDOWIND) is engaged in the generation and distribution of power through windmills, has entered into an in-principle agreement for the acquisition of about 5.1 MW operational wind power project.

    The proposed acquisition is expected to be undertaken at an approximate consideration in the range of INR 200-250 million. The project is currently operational and is expected to add stable generating capacity to the Company’s renewable energy portfolio, subject to statutory/regulatory compliances/approvals wherever necessary, either as Asset or share purchase transaction.

    As part of its long-term growth strategy, the Company proposes to repower the acquired wind project and/or implement a hybrid solar project in the future, subject to feasibility evaluation and regulatory approvals. These initiatives are intended to enhance generation efficiency, improve asset utilisation, and support sustained growth in revenues and profitability over the long term.

    The proposed transaction is aligned with Indowind Energy Limited’s focus on capacity enhancement, asset optimisation, and strengthening its renewable energy platform, while supporting long-term business growth.

    Commenting on the development, Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited,

    said: “The proposed acquisition of an operational wind asset supports our objective of strengthening our renewable energy base. The potential repowering and hybridisation of the project provides opportunities to improve generation efficiency and long-term returns, in line with our growth strategy.”

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • Indowind Energy Limited Eyes Growth with Proposed 5.1 MW Operational Wind Project Acquisition

    Indowind Energy Limited Eyes Growth with Proposed 5.1 MW Operational Wind Project Acquisition

    Chennai (Tamil Nadu) [India], December 23: Indowind Energy Limited (BSE: 532894 | INE227G01018 | NSE: INDOWIND) is engaged in the generation and distribution of power through windmills, has entered into an in-principle agreement for the acquisition of about 5.1 MW operational wind power project.

    The proposed acquisition is expected to be undertaken at an approximate consideration in the range of INR 200-250 million. The project is currently operational and is expected to add stable generating capacity to the Company’s renewable energy portfolio, subject to statutory/regulatory compliances/approvals wherever necessary, either as Asset or share purchase transaction.

    As part of its long-term growth strategy, the Company proposes to repower the acquired wind project and/or implement a hybrid solar project in the future, subject to feasibility evaluation and regulatory approvals. These initiatives are intended to enhance generation efficiency, improve asset utilisation, and support sustained growth in revenues and profitability over the long term.

    The proposed transaction is aligned with Indowind Energy Limited’s focus on capacity enhancement, asset optimisation, and strengthening its renewable energy platform, while supporting long-term business growth.

    Commenting on the development, Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited,

    said: “The proposed acquisition of an operational wind asset supports our objective of strengthening our renewable energy base. The potential repowering and hybridisation of the project provides opportunities to improve generation efficiency and long-term returns, in line with our growth strategy.”

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • Indowind Energy Limited Announces Rights Issue Opening On December 01, 2025

    Indowind Energy Limited Announces Rights Issue Opening On December 01, 2025

    Mumbai (Maharashtra) [India], December 1: Indowind Energy Limited is an Independent Power Producer in the renewable energy field, generating Green Power through dedicated wind farms and offering allied services in the wind energy sector, proposes to open its Rights Issue on Monday, December 1, 2025, aiming to raise ₹49.43 crore.

    The issue size is 3,22,00,434 equity shares at a face value of ₹10 each with an Issue Price of ₹ 15.35 Per Share.

    Rights Issue details:

    ● Right Issue Price – ₹ 15.35 Per Share

    ● Right Issue Size – ₹ 49.43 Crore

    ● Right Entitlement – 1 Shares for every 4 shares held

    ● Renunciation Of RE – 04 December 2025

    ● Record Date – 19th November 2025

    ● Rights Issue Closes – 9th December 2025

    The net proceeds from the Rights Issue will be used to set up 4 MW solar power plant in Karnataka State and Repayment of secured & unsecured loans from corporate promoters — Loyal Credit & Investments Limited and Indus Finance Limited along with other objects of the issue.

    Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited expressed, “As we continue to grow and innovate in the renewable energy sector, we are pleased to announce our Rights Issue. The proceeds are being utilized to develop a 4 MW solar power plant in Karnataka and to repay loans from our corporate promoters, thereby reducing financial leverage. Indowind Energy has consistently generated green power and delivered comprehensive renewable energy solutions as an Independent Power Producer. Our domain expertise, combined with a dedicated O&M team and 24×7 monitoring, ensures operational excellence and peak performance.

    With over three decades of experience, robust project management capabilities, and extensive operational knowledge, Indowind Energy continues to deliver reliable and sustainable energy solutions. Our commitment to creating long-term value remains at the core of every initiative, reinforcing our focus on efficiency, sustainability, and excellence in renewable energy operations.”

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.