
Inox Clean Energy has secured ₹3,100 crore in equity funding from a consortium of foreign and domestic investors, including CalPERS and SUN Group. The investment values the company at a pre-money valuation of ₹50,000 crore. Proceeds will be used for expanding capacity in its independent power producer (IPP) and solar manufacturing verticals, aiming for 10 GW of installed IPP capacity and 11 GW of solar manufacturing capacity by FY28. The company is also exploring international acquisitions.
Select a news story to see related coverage from other media outlets.