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Inox Clean Energy Files for $1 Billion IPO to Fuel Renewable Expansion
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CNBC TV18•30-09-2026, 01:02
Inox Clean Energy Files for $1 Billion IPO to Fuel Renewable Expansion
- •Inox Clean Energy has filed for an initial public offering aiming to raise up to 100 billion rupees ($1.04 billion).
- •The IPO includes a fresh issue of 80 billion rupees worth of shares and a 20 billion rupee offer for sale by existing shareholders.
- •The company previously filed confidential IPO draft papers with India's markets regulator last year.
- •Inox Clean Energy expanded its portfolio in June by acquiring Vena Energy India's 6-gigawatt renewable energy assets.
- •Part of the INOXGFL Group, the firm targets 10 gigawatts of renewable power generation and 11 gigawatts of solar manufacturing capacity by FY 2028.
Key Questions Answered
Inox Clean Energy has filed draft papers for an initial public offering worth up to 100 billion rupees, which is approximately $1.04 billion.
The renewable energy producer plans to issue about 80 billion rupees worth of new shares and a 20-billion-rupee offer for sale by existing shareholders.
The company aims to achieve 10 gigawatts of renewable power generation capacity and 11 gigawatts of solar manufacturing capacity by fiscal year 2028.
