Crisil Upgrades Inox Wind Bank Facilities: Stable Outlook

New Delhi, Jun 12 (PTI) Inox Wind Ltd on Wednesday said Crisil has upgraded its outlook on the company's long-term and short-term bank facilities.

Crisil has upgraded rating for long-term bank facilities to 'Crisil A/Stable' from 'Crisil A-/Stable', while on company's short-term bank facilities, the agency has upgraded ratings to Crisil A1 from Crisil A2+, Inox Wind said in an exchange filing.

Kailash Tarachandani, CEO of Inox Wind, said: "The latest ratings upgrade by Crisil is an outcome of all the efforts undertaken by the company in the recent past. We have successfully raised funds to strengthen our balance sheet and also ramped up our operations."

Inox Wind has an order book of 2.7 GW of wind power projects.