IGREL Renewables, the IPP platform of INOXGFL Group, has secured Rs 3 billion in equity funding from prominent investors. The company aims to reach 2 GW of installed renewable capacity, focusing on wind and solar energy, by FY27. With a planned investment of Rs 12 billion over the next three years, IGREL is positioning itself as a leading C&I renewable power generation platform.
The company has already secured power purchase agreements and letters of intent for over 600 MW with group companies and large C&I customers.