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INOX Clean Energy, a clean power giant, is preparing for an IPO, looking to raise up to ₹5,000 crore at a valuation of ₹50,000 crore. The company plans to go public by 2026.
The deets: INOX Clean Energy has a diverse portfolio, spanning solar panel manufacturing to power plant operations. As an independent power producer, it generates electricity and sells it in the open market.
Most importantly, it operates under the label of the $12 billion INOX Group, which already has four listed entities, which ensures to a stable base and the support of a broadly successful operation:
- Gujarat Fluoro (battery materials)
- INOX Wind (wind turbine manufacturing)
- INOX Green (operations & maintenance for renewable energy)
- INOX Wind Energy (electricity generation & distribution)
Zoom out: India’s wind energy output is set to reach 80,200 GWh in 2025, growing at 4.7% annually.
Gujarat has firmly established itself as India’s wind energy powerhouse, driven by strong wind corridors, an extensive coastline, and policies that actively support renewables.
The state continues to lead the charge, producing the highest wind energy in the country, making it a key player in India’s renewable energy push.
