Key numbers
Published fundamentals and the date each figure was recorded.
About this company
IGREL Renewables Limited is a Vadodara-based renewable power generation company incorporated in October 2023 and promoted by the INOXGFL Group, the diversified conglomerate whose interests span fluorochemicals, wind turbine manufacturing and clean energy. Conceived as the group's dedicated independent power producer (IPP) platform, IGREL is building a portfolio of utility-scale wind and solar generation assets, positioning the broader group across the full renewable value chain — from project development and equipment manufacturing to EPC, operations and maintenance, power supply and consumption. The company's stated ambition is to reach an installed generation capacity of around 2 GW by FY27, combining wind and solar projects, supported by a cumulative capital outlay estimated at roughly ₹12,000 crore. Early in its journey it tied up power purchase agreements and letters of intent for several hundred megawatts of capacity, including offtake from group entities and large commercial and industrial customers. It has also engaged group affiliate Inox Wind for wind turbine supply on a 550 MW project, illustrating the intra-group integration that underpins its build-out strategy. In September 2024, IGREL raised ₹300 crore of equity capital with participation from a set of marquee individual and institutional investors, including market participants associated with Madhusudan Kela, Akash Bhansali and Rohit Kothari, in a round described as resulting in only single-digit dilution. The fundraise reflected the appetite for exposure to large, professionally backed renewable platforms at an early stage. IGREL draws attention in the unlisted and private-market ecosystem because of its strong group parentage, the scale of its capacity roadmap and India's broader clean-energy transition theme. As a relatively young, capital-intensive developer, it is closely watched by those tracking the renewable sector. The company is a public limited entity under its CIN but is not currently listed or traded on the NSE or BSE main board, and information here is presented for general awareness only.
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COMMON QUESTIONS.
What is the ISIN of IGREL Renewables Limited?+
The recorded ISIN of IGREL Renewables Limited is INE0S0101012. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.
Is trading in IGREL Renewables Limited unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.