India's Inox GFL says wind businesses pay $50 mln to reduce debt

Inox Wind

29/11/2022 14:24

BENGALURU, Nov 29 (Reuters) - Indian chemicals-to-energy
conglomerate Inox GFL said on Tuesday its wind businesses paid
4.11 billion Indian rupees ($50.3 million) to reduce debt.
    Inox Wind Ltd  INWN.NS  and Inox Green Energy Services Ltd
 INOG.NS , which made its stock market debut last week, have
paid 2.50 billion rupees and 1.66 billion rupees, respectively,
Inox GFL said in a statement.
    Inox Wind's net debt stood at 9.21 billion rupees, as of
March 31, 2022, according to an annual report.
 ($1 = 81.6770 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru; Editing by Shounak
Dasgupta)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727))