Indowind Energy Ltd deploys capital prudently

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 Corporate Promoters, and

- ~₹925 lakh towards outstanding LIC dues from General Corporate Purpose.

The repayments have resulted in a meaningful reduction in outstanding liabilities.

Lower Debt Levels Expected to Reduce Finance Costs

The repayment of these obligations is expected to lower interest and related finance costs, supporting improved profitability and strengthening the Company's financial position.

Balance Sheet Reset Creates Headroom for Growth Funding

With legacy liabilities addressed, Indowind Energy Limited is now better positioned to raise fresh borrowings for expansion. This enables the Company to evaluate and undertake new projects aimed at improving turnover and long-term earnings.

Execution Initiated for 4 MW Solar Power Project

On the operational front, the Company has commenced implementation of finalized contracts for its 4 MW solar power project, marking the transition from planning to execution and laying the foundation for future revenue generation.

Way Forward

Indowind Energy Limited remains focused on disciplined capital deployment and timely execution, leveraging its strengthened balance sheet to pursue growth opportunities in the renewable energy segment.

Commenting on the development, Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited, said: "Our immediate focus has been on putting the Company on a stronger financial footing while preparing for the next phase of growth. The steps taken over the past few months are expected to improve cost efficiency and provide greater flexibility as we move ahead with project execution. With work now underway on the solar project, we remain focused on steady progress and building a platform for sustainable performance."

Shares of Indowind Energy Limited was last trading in BSE at Rs. 15.49 as compared to the previous close of Rs. 14.35. The total number of shares traded during the day was 114946 in over 437 trades.

The stock hit an intraday high of Rs. 15.71 and intraday low of 14.03. The net turnover during the day was Rs. 1743888.00.

Source : Equity Bulls

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IndowindEnergy INE227G01018 Investment Capital