Briefs: Indo Borax & Chemicals and Inox Green
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Briefs: Indo Borax & Chemicals and Inox Green

Indo Borax & Chemicals Ltd. has received Consent to Operate (CTO) permission from Madhya Pradesh State Pollution Control Board for its new value added boric acid derivative, agricultural chemical disodium octaborate tetrahydrate (DOT) plant

  • By ICN Bureau | November 16, 2023

Indo Borax & Chemicals gets permission from MPSPCB to operate DOT plant

Indo Borax & Chemicals Ltd. has received Consent to Operate (CTO) permission from Madhya Pradesh State Pollution Control Board for its new value added boric acid derivative, agricultural chemical disodium octaborate tetrahydrate (DOT) plant.

Crisil upgrades Inox Green Energy Services’ ratings to A-

Inox Green Energy Services Limited (Inox Green), a part of the Inox GFL Group, India’s leading wind power operations and maintenance (O&M) service provider has announced that CRISIL has upgraded its ratings from Crisil BBB+ to Crisil A- (long term rating), Crisil A2 to Crisil A2+ (short term ratings) with stable outlook in relation to ratings of its banking facilities.

CRISIL’s rationale for upgrading Inox Green’s outlook reflects the steps undertaken by the promoters in fiscal 2024 to reduce debt leading to significant improvement in the financial risk profile, improvement in the business risk profile which the company has demonstrated by delivering significant improvement in operating performance in the first half of fiscal 2024. The upgrade in ratings reflects Inox Green’s market position with its customers, established track record and robust opportunities to grow inorganically.

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