Crisil Upgrades Inox Wind Ratings Amid Growth Surge

Inox Wind Ltd reported that Crisil has upgraded its ratings for both long-term and short-term bank facilities. The CEO, Kailash Tarachandani, attributes this improvement to successful fund raising and enhanced operational efficiencies. The company has a substantial order book of 2.7 GW of wind power projects.

Inox Wind Ltd announced a significant improvement in its financial ratings, with Crisil upgrading the company's long-term and short-term bank facilities.

Crisil has elevated the long-term bank facilities to 'Crisil A/Stable' from 'Crisil A-/Stable', and the short-term bank facilities to Crisil A1 from Crisil A2+, as stated in an exchange filing by Inox Wind.

CEO Kailash Tarachandani commented that the upgrade is a result of strategic initiatives including successful fund raising and enhanced operational efficiencies. The company currently holds an order book of 2.7 GW of wind power projects.