Inox Wind announced on Monday that its EPC projects arm, Resco Global, has received board approval for a ₹350 crore equity infusion from prominent investors. The capital will be used to expand Resco Global’s business and seize emerging opportunities in India’s wind energy sector, according to a company statement.
The company is one of the top two wind EPC service providers in India, with a robust operational history spanning over 14 years. The company offers comprehensive services for wind projects, covering everything from initial conceptualization to project commissioning, including the construction of transmission infrastructure for power evacuation. They provide turnkey solutions to developers across India, with a particularly strong presence in the western region.
Devansh Jain, Executive Director of INOXGFL Group, stated, “This timely fundraise will allow Resco Global to accelerate its project execution and broaden its offerings. We see this as a critical step in ensuring all our companies are well-positioned for significant growth. We are grateful to our investors for their continued trust and commitment to our growth story.”
Kailash Tarachandani, CEO of Inox Wind Group, added, “The capital infusion comes at an opportune moment as Resco Global is rapidly scaling up its execution and securing new orders.” Resco Global Wind Services Pvt Ltd, a subsidiary of Inox Wind Ltd, is one of India’s leading EPC (Engineering, Procurement, and Construction) service providers in the wind energy sector.
With over 14 years of experience, Resco Global has established a strong operational track record, offering comprehensive, end-to-end solutions for wind energy projects across the country. From project conceptualization to commissioning, Resco Global provides a wide range of services, including the construction of transmission infrastructure to ensure efficient power evacuation.
The company has a significant presence in western India and is known for delivering turnkey, plug-and-play solutions that meet the growing demand for renewable energy in the region. Resco Global’s expertise and commitment to quality have made it a key player in the expansion of India’s wind energy capacity.
