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* - Tentative Dates
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
Indowind Energy Limited's revenue increased by 16.07% and profit after tax (PAT) rose by 137.74% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 312.37 | 313.28 | 288.08 | 291.51 |
| Revenue | 44.25 | 38.13 | 30.66 | 24.78 |
| Profit After Tax | 7.27 | -19.26 | 0.13 | 0.22 |
| Net Worth | 237.16 | 230.11 | 228.53 | 226.79 |
| Total Borrowing | 55.19 | 60.05 | 56.06 | 60.71 |
| Amount in ₹ Crore | ||||
Established in 1995, Indowind Energy Limited is a wind energy-based renewable energy generation and distribution company focused on the ownership, operation and maintenance of wind turbines. The company has been in the renewable energy industry for over twenty-five years and focuses on wind energy. Its wind turbines are located in Tamil Nadu and Karnataka, which are among the Indian states with the highest wind potential.
The electricity generated by the wind turbines is sold under Power Purchase Agreements (PPAs) to companies and State Electricity Boards ("SEBs") that are part of the company's own programme. In addition, the company also provides operating and management services for wind turbines for third parties as part of turnkey projects.
