Inox Wind looks to monetize O&M unit

Wind turbine maker Inox Wind Ltd is looking to raise capital via a stake sale to private equity investors, or an initial public offering, of its operations and maintenance (O&M) subsidiary - Inox Wind Infrastructure Services Ltd (IWISL). Inox Wind is a fully integrated player in the wind energy market and makes key components of wind turbine generators (WTGs) in-house. The company is looking at a valuation of about INR 3,000-3,500 crore for the O&M business. The O&M revenue earning wind turbine portfolio of the company stands at 1,514MW.