Inox Clean Energy, the renewable energy platform of the INOXGFL Group, has secured an investment commitment of Rs 15 billion from the Motilal Oswal Group. The investment is in the form of compulsorily convertible debentures. It will support acquisitions and other clean energy growth initiatives of Inox Clean Energy. Furthermore, out of the total Rs 15 billion, the initial Rs 10 billion has already been deployed. The remaining amount is expected to be drawn in the coming weeks as Inox’s identified acquisitions and capital expenditure plans progress.
In June 2026, Inox Clean Energy signed an MoU with Inox Wind Limited (IWL) for the supply of 1,500 MW of wind turbines. Under the agreement, IWL will supply its 3.3 MW and 4X MW wind turbine models for renewable energy projects being developed by Inox Clean Energy across India.
In January 2026, Inox Clean Energy raised Rs 34 billion through a 20-year loan from the National Bank for Financing Infrastructure and Development (NaBFID) to refinance existing debt following the acquisition of Vibrant Energy. The long-tenure facility is reportedly being structured to support post-acquisition balance sheet consolidation. The loan is expected to be priced in the range of 8 per cent to 8.50 per cent.
