Resco Global raises Rs 350 cr

New Delhi: Inox Wind on Monday said its EPC projects arm RescoGlobal’s board has approved a Rs 350 crore equity raise from marquee investors.The funds will be utilised to scale up the business offerings and capitalise on the large-scale opportunities in the Indian wind sector, a company statement said. According to the statement, Inox Wind Ltd (IWL), India’s leading wind energy solutions provider, announced on Monday that the board of its subsidiary, Resco Global Wind Services Pvt Ltd (Resco Global), an EPC projects company, has approved Rs 350 cr equity raise from marquee investors for a single-digit stake.