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INOX Clean Energy Files Confidential Draft Papers, Targets Rs 6,000-Crore IPO

  • INOX Clean Energy has confidentially filed draft papers with markets regulator SEBI to raise Rs 6,000 crore through an IPO, potentially the largest in the clean energy sector in India.
  • The company, with a proposed equity dilution of over 10%, aims for a market capitalization of around Rs 50,000 crore by targeting a major portion of the public offer for setting up new solar and IPP facilities.
  • INOX Clean Energy, a part of the INOXGFL Group, has a total operational capacity of 157 MW, including 107 MW of wind and 50 MW of solar power.
  • The company plans to incur a capital expenditure of Rs 6,500 crore to complete its under-construction renewable energy and manufacturing capacities, to be funded through project-level debt, cash accruals, and equity contributions.

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