Inox Wind's stock is trading at Rs. 256.80, marking an increase of 2.90 points or 1.14% compared to its previous close of Rs. 253.90 on the BSE.

The stock opened at Rs. 260.00, reaching a peak of Rs. 262.10 and a low of Rs. 254.20 during the day. A total of 101,006 shares have been exchanged so far.

Inox Wind, categorized under BSE Group 'A' with a face value of Rs. 10, hit a 52-week high of Rs. 262.10 on September 23, 2024, while its 52-week low was Rs. 47.06 on September 25, 2023.

Over the last week, the stock has fluctuated between a high of Rs. 262.10 and a low of Rs. 230.75. The company currently holds a market capitalization of Rs. 33,103.33 crore.

Promoter holdings in the company stand at 48.27%, while institutional investors own 23.11%, and non-institutional investors hold 28.61%.

Inox Wind (IWL) has entered a consortium agreement with a group of banks, led by ICICI Bank, to secure financial facilities of approximately Rs. 2,200 crore. This limit could potentially increase to Rs. 2,400 crore, according to ICICI Bank's assessment of working capital needs. These facilities mainly consist of non-fund-based instruments such as bank guarantees (BGs) and letters of credit (LCs), and they have been approved based on IWL's strong financials without needing corporate guarantees or support from Gujarat Fluorochemicals (GFL). Recent fundraising efforts and operational improvements have allowed IWL to become net cash positive.

As a result of this new arrangement, any corporate guarantees previously provided by GFL to IWL will be terminated or phased out soon.

Inox Wind is a leading provider of wind energy solutions in India, catering to Independent Power Producers (IPPs), utilities, public sector units (PSUs), and corporate investors.