Indowind Energy Ltd clears term loan with IREDA

Indowind Energy Ltd has cleared the term loan of Rs.38 crores and top up loan of Rs.9.73 crores availed from Indian Renewable Energy Development Agency (IREDA) against the 9 mw wind farm project. The free cash flow from this project will now be utilized by company to reduce other liabilities (or) repowering / expansion projects by taking approvals, for enhancing shareholder benefits.

Shares of Indowind Energy Limited was last trading in BSE at Rs. 28.81 as compared to the previous close of Rs. 29.18. The total number of shares traded during the day was 67971 in over 275 trades.

The stock hit an intraday high of Rs. 30.40 and intraday low of 28.30. The net turnover during the day was Rs. 1945849.00.

Source : Equity Bulls

Keywords

IndowindEnergy INE227G01018 TermLoan Repayment IREDA