India, Jan. 2 -- Indowind Energy Limited on Friday announced key financial and operational updates, highlighting a focus on balance-sheet strengthening and steady execution of renewable energy projects.
As part of the utilisation of rights issue proceeds, the company has repaid ?1,163 lakh in loans to corporate promoters and around ?925 lakh towards outstanding LIC dues, leading to a significant reduction in legacy liabilities. The repayments are expected to lower interest and finance costs, supporting improved profitability going forward.
With older liabilities addressed, the company said its balance sheet reset has created headroom for raising fresh borrowings, enabling it to fund expansion plans and evaluate new growth opportunities ai...