INOXGFL Group's renewable energy platform, IGREL Renewables, is looking to raise around Rs 300 crore in 2025-26. The fundraising would be part of the company's Rs 12,000 crore capex strategy to build two GW of renewable energy capacity in the next two years.

A quarter of the projected capex would come from equity, while the rest 75 percent would be sourced from debt. The 2 GW capacity is expected to be installed by FY27 and would cater to the group's captive requirements, commerce, and industry clients.

Solar power would account for half of the capacity, and wind power plants would supply the other half. Last week, IGREL Renewables raised about Rs 300 crore through an equity round. 

Along with providing cheaper and green power to the group companies, the platform would also ensure the group companies are compliant with green targets and meet regulatory norms such as Carbon Border Adjustment Mechanism (CBAM).