Inox Clean Energy ties up Rs 31 billion in equity at Rs 500 billion valuation

Inox Clean Energy Limited, along with its subsidiary Inox Solar Limited, has tied up Rs 31 billion in equity at a pre-money valuation of around Rs 500 billion. The equity round saw participation from marquee global and domestic investors, including CalPERS, SUN Group Global and Authum Investments. The funds will be utilised for capacity expansion across its independent power producer (IPP) and solar man
ufacturing verticals. Inox Clean has recently acquired around 1.6 GW of renewable energy portfolios from Vibrant Energy and SunSource Energy, and is pursuing additional multi-gigawatt IPP and manufacturing assets in India and overseas.