Inox Wind Ltd announced on Wednesday that Crisil has upgraded its outlook on the company’s long-term and short-term bank facilities. Crisil has upgraded the rating for the long-term bank facilities to ‘Crisil A/Stable’ from ‘Crisil A-/Stable’. Additionally, the agency has also upgraded the ratings for the company’s short-term bank facilities to ‘Crisil A1’ from ‘Crisil A2+’. According to an exchange filing from Inox Wind, Kailash Tarachandani, CEO of Inox Wind, expressed that the latest ratings upgrade by Crisil is a result of the company’s recent efforts. Tarachandani mentioned that the company has successfully raised funds to strengthen its balance sheet and has also ramped up its operations. Inox Wind also revealed that it has an order book of 2.7 GW of wind power projects.
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