The NCDs will have coupon rate of 9.75% per annum payable annually with a tenure till 30 April 2025.
Inox Wind is India's leading wind energy solutions provider. It is a fully integrated player in the wind energy market with manufacturing plants near Ahmedabad (Gujarat) for blades & tubular towers and at Una (Himachal Pradesh) for hubs & nacelles.
Inox Wind reported net loss of Rs 62.13 crore in Q3 December 2021 as against net loss of Rs 51.97 crore in Q3 December 2020. Net sales declined 25.40% to Rs 152.03 crore in Q3 December 2021 over Q3 December 2020.
The board will consider Q4 results on 27 May 2022.
Shares of Inox Wind fell 5.13% to settle at Rs 88.80 on Tuesday.