NEW DELHI: Inox Clean Energy has raised Rs 3,100 crore in an equity funding round diluting around 6 per cent stake to multiple foreign and domestic investors, sources said.

In a statement on Wednesday, the company said it will utilise the proceeds towards achieving 10 gigawatt capacity target by FY28.

Inox Clean Energy Ltd (Inox Clean), along with its subsidiary Inox Solar Ltd, has tied up equity totalling Rs 3,100 crore, the INOXGFL Group company said without sharing details related to quantum of the stake.

The equity at Inox Clean was tied up at a pre-money valuation of Rs 50,000 crore.