Indowind Energy Ltd to set aside receivables from TANGEDCO, BESCOM

Indowind Energy Ltd has decided to set aside the receivables from TANGEDCO, Karnataka energy stock pending with BESCOM and receivables, totaling Rs.15 Crores, for reducing debts to free up 9 MW capacity and for dispute settlements.

On completion, this will help the Company to improve profits and future liquidity for expansion.

Shares of INDOWIND ENERGY LTD. was last trading in BSE at Rs.8.67 as compared to the previous close of Rs. 8.37. The total number of shares traded during the day was 158054 in over 345 trades.

The stock hit an intraday high of Rs. 8.76 and intraday low of 8.2. The net turnover during the day was Rs. 1354991.

Source : Equity Bulls

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