Inox Clean Energy, along with its subsidiary Inox Solar, has secured Rs 3,100 crore in equity funding.

The investment, which values the company at Rs 50,000 crore (USD 5.5 billion), comes from prominent investors such as the California Public Employees' Retirement System (CalPERS), the largest pension fund in the US. Indian investors like Enam, Authum Investments, and Sun Group also participated in the funding round. The company plans to use the raised capital for expanding its capacity in both its independent power producer (IPP) and solar manufacturing segments. Inox Clean Energy is part of the Delhi-based INOXGFL group.

Devansh Jain, Executive Director of INOXGFL, expressed gratitude towards the investors and emphasized the company's commitment to achieving its goals in renewable energy generation and solar equipment manufacturing. Inox Clean’s IPP business is managed by Inox Neo Energies, while Inox Solar handles solar equipment manufacturing.