Inox Clean Energy is raising $330 million (~₹2,750 crore) from a mix of global and Indian investors — including CalPERS, Enam Group, Authum Investment, and the Sun Group.
What’s the catch?
This round pegs the company’s valuation at ₹50,000 crore, or about $6 billion, making it one of India’s most valuable unlisted renewable energy companies.
Inox Clean Energy is part of the Inox GFL Group, and it does two major things:
Generates Renewable Power
Through its arm Inox Neo Energies
Manufactures Solar Modules
Via Inox Solar Ltd
The company already has 3 GW of capacity and wants to scale up to 10 GW of power generation and 11 GW of module manufacturing by 2028.
Two reasons:
IPO Prep?
In July 2025, Inox Clean Energy had confidentially filed for an IPO. While that didn’t go through, this new round — with a clear ₹551 per share valuation — could lay the groundwork for a blockbuster IPO later.
Fuel for Expansion
They’ve already acquired companies like Vibrant Energy and SunSource Energy, and this money will help them buy more assets and scale faster.
Because the renewables sector is red hot in India right now:
Government push for clean energy
Rising industrial demand for green power
Cheaper costs vs traditional power
ESG focus from global capital
And Inox Clean is playing both sides — generation + manufacturing — which makes it a strategic long-term bet.
Inox Clean Energy is no longer flying under the radar.
With ₹50,000 Cr valuation, big-name investors, and aggressive expansion plans — this company could become a major player in India's energy transition story.
If you're tracking pre-IPO gems, keep this one on your watchlist.
