July 2024

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After Suzlon, Inox Wind Set To Become Net Debt Free After Promoter Pumps ₹900 CrInox Wind Limited (IWL), a major player in India’s wind energy sector, has declared that it will become a net debt-free company.This announcement comes in the wake of a ₹900 crore infusion from its promoter, Inox Wind Energy Limited (IWEL). The capital was raised on May 28, 2024, through the sale of IWL’s equity shares in block deals on various stock exchanges.The raised funds are earmarked for the complete repayment of IWL’s external term debt. This move will enable the company to achieve a net debt-free status, except for promoter debt https://earnfree.in/market-updates-4-july/ #StockMarket #FinancialNews #Investment #Trading After Suzlon, Inox Wind Set To Become Net Debt Free After Promoter Pumps ₹900 CrInox Wind Limited (IWL), a major player in India’s wind energy sector, has declared that it will become a net debt-free company.This announcement comes in the wake of a ₹900 crore infusion from its promoter, Inox Wind Energy Limited (IWEL). The capital was raised on May 28, 2024, through the sale of IWL’s equity shares in block deals on various stock exchanges.The raised funds are earmarked for the complete repayment of IWL’s external term debt. This move will enable the company to achieve a net debt-free status, except for promoter debt https://ift.tt/gkRvYpS #StockMarket #FinancialNews #Investment #Trading

After Suzlon, Inox Wind Set To Become Net Debt Free After Promoter Pumps ₹900 Cr...

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CareEdge upgraded credit ratings of Bharat Wire Ropes says– Company is doing debottlenecking capex of 50 cr which will increase capacity utilization– The company also received subsidy worth ₹40 crore in FY24 and ₹14 crore in the current year, 50% of which, has been utilised towards prepayments of the term loans (per resolution plan).– As of March 31, 2024, the company has a total PSI subsidy receivable of around ₹95 crore FinancialNews #StockMarket #Trading CareEdge upgraded credit ratings of Bharat Wire Ropes says– Company is doing debottlenecking capex of 50 cr which will increase capacity utilization– The company also received subsidy worth ₹40 crore in FY24 and ₹14 crore in the current year, 50% of which, has been utilised towards prepayments of the term loans (per resolution plan).– As of March 31, 2024, the company has a total PSI subsidy receivable of around ₹95 crore FinancialNews #StockMarket #Trading

CareEdge upgraded credit ratings of Bharat Wire Ropes says – Company is doing debottlenecking capex...

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