Announced Tue, 6 Oct, 2026 · 15:47 IST
Court orders Bank of Baroda to pay Rs 1 Crore plus interest to Indowind Energy
INDOWIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹8.52
prior close
₹8.56
base price
After-mkt
timing
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+0.5-0.6+0.4-0.6-0.4—————————
Up moveDown movePending
AI summary
Bombay City Civil Court ruled in favour of Indowind Energy in its suit against Bank of Baroda. The court directed the bank to pay or encash a bank guarantee of Rs 1 Crore with 12% simple interest per annum from 17 June 2004. With about 22 years of accrued interest, the company expects to receive a substantial amount. Indowind plans to use these funds for expansion and repowering projects to grow turnover and profitability. No adverse impact on operations.
Likely market impact
Positive: Indowind set to receive Rs 1 Crore plus about 22 years of 12% interest, strengthening its financial position.