Indowind Energy Ltd Deploys Capital Prudently; Renewable Projects Make Steady Progress

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Chennai (Tamil Nadu) [India], January 2: Indowind Energy Limited (BSE: 532894 | INE227G01018 | NSE: INDOWIND), engaged in the generation and distribution of power through windmills, has announced key financial and operational updates focused on strengthening its balance sheet and advancing project execution.

Rights Issue Proceeds Utilised to Repay Legacy Liabilities

As part of the Objects of the Rights Issue, the Company has repaid:

  • 1,163 lakh of loans availed from associated parties, and
  • ~925 lakh towards outstanding LIC…



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Indowind Energy Ltd Deploys Capital Prudently; Renewable Projects Make Steady Progress


Chennai (Tamil Nadu) [India], January 2: Indowind Energy Limited (BSE: 532894 | INE227G01018 | NSE: INDOWIND), engaged in the generation and distribution of power through windmills, has announced key financial and operational updates focused on strengthening its balance sheet and advancing project execution.

Rights Issue Proceeds Utilised to Repay Legacy Liabilities

As part of the Objects of the Rights Issue, the Company has repaid:

  • 1,163 lakh of loans availed from associated parties, and
  • ~925 lakh towards outstanding LIC…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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