Inox Wind’s wholly owned subsidiary - Inox Wind Infrastructure Services (IWISL) has issued and allotted Rated, Unlisted, Secured, Redeemable, Non Convertible Debentures (NCDs), aggregating Rs 195 crore. These NCDs have been issued on a Private Placement basis.
The NCDs have been rated AA - (SO) by CARE. The NCDs will carry Coupon Rate of 8.33% (payable semi-annually) and are guaranteed by the company. The proceed from the NCDs will be primarily used to finance the replacement capex, fresh capex, replacement of existing loans (including Inter Corporate Deposits (ICDs) & Optionally Convertible Debentures (OCDs)) and for general corporate purposes.
Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.