InoxGFL's renewable arm raises Rs 300 crore from investors

IGREL Renewables Ltd., part of InoxGFL Group, has raised Rs 300 crore by diluting a single-digit stake. The company aims to achieve 2 GW capacity by FY27 with a capex of Rs 12,000 crores. Orders for wind and solar capacities have been placed, and power purchase agreements are in place for over 600 MW.