Inox Clean Energy Files for $1B India IPO
Inox Clean Energy has filed for an initial public offering worth up to one billion dollars. The renewable firm plans to use most proceeds to repay debt and fund growth as India expands clean power capacity.
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Inox Clean Energy has filed for an IPO worth 100 billion rupees ($1.04B) in India, targeting expansion amid growing renewable demand. The renewable energy developer is the latest to pursue a domestic offering, betting on the nation's 500 gigawatt non-fossil target by 2030. Primary market activity is accelerating following a slow start to the year, drawing institutional interest across the sector.
