niftify.in

Business Standard

Inox Wind up 3%; receives LoI from IGREL Renewables for 550 Mw wind project

Inox Wind share price: The project, Inox Wind said, will be executed over the next 24 months across multiple sites in the states of Gujarat, Rajasthan, and Madhya Pradesh

Business Standard

Inox Wind bags LoI for 550 MW wind project from IGREL Renewables

Inox Wind (IWL) said that it has received a letter of intent (LoI) from IGREL Renewables (IGREL) for execution of 550 MW wind capacity on turnkey basis.

Business Standard

Inox Wind receives LoI for 550 MW wind project from IGREL Renewables

Inox Wind (IWL) has received a Letter of Intent (LoI) from IGREL Renewables (IGREL) for execution of 550 MW wind capacity on turnkey basis.

CNBC TV18

Inox Wind gets order to execute 550 MW wind capacity across Gujarat, Rajasthan, Madhya Pradesh

The project will be executed over the next 24 months across multiple sites in the states of Gujarat, Rajasthan and Madhya Pradesh.

Mint

Inox Wind Stock Check: Up over 394% in 1 year, should you still buy it? Technical and fundamental experts answer

Inox Wind Limited has experienced a remarkable rally, rising over 394 per cent in the past year and 91 per cent in 2024. Analysts predict continued upward momentum, with target prices between ₹270-315, driven by strong earnings and bullish technical indicators.

Business Standard

Resco Global Wind Services completes fund raise of Rs 350 cr

Resco Global Wind Services, an EPC Projects subsidiary of Inox Wind, announced today that it has completed Rs 350 crore equity raise from marquee investors and issued securities in lieu of the funds raised. Key investors who participated in this equity raise included:

Mint

Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Monday — Sept 9

Regarding shares to buy today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking and Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi — recommended these five shares: Inox Wind, Max Health, Sonata Software Ltd, Zomato, and MTAR Technologies Ltd.

Mint

Over 75 Nifty 500 stocks gained between 100% and 350% since last Ganesh Chaturthi

76 Nifty 500 stocks deliver stellar returns ranging from 100% to as much as 350%. Among the top performers, renewable energy stock Inox Wind led the gains, surging 346% over the past year.

Business Line

Inox Wind expands operations in Indian wind sector with ₹350 crore investment

Inox Wind aims to broaden its services by adding crane services and integrating power evacuation assets in response to renewable energy policies.

The Economic Times

Inox Wind's EPC arm to raise Rs 350 crore from global investors

Inox Wind Limited's subsidiary Resco Global Wind Services Pvt. Ltd has announced a Rs 350 crore equity raise from investors for a single-digit stake. The funds will be used to expand their business and seize opportunities in India's wind sector. This move follows Inox Wind's strategic turnaround and aims to scale up their offerings across the region.

CNBC TV18

Inox Wind unit raises ₹350 crore from Marquee investors for business expansion

Inox Wind Group CEO Kailash Tarachandani also said that the fund raising is being done at an opportune time as Resco Global is ramping up execution and taking in new orders as well.

Business Line

Inox Wind secures 51 mV order from Everrenew

Inox Wind shares have reached a 52-week high, trading at ₹236.95 on the NSE and ₹237 on the BSE

The Economic Times

Inox Wind bags 51 MW order from Everrenew

Inox Wind announced securing a 51 MW equipment supply order from Everrenew Energy Private Ltd for their latest 3 MW Wind Turbine Generators, with additional post-commissioning operations & maintenance services. It aimsnto establish a long-term partnership. The financial details were not disclosed, and the project will be executed in Tamil Nadu, aligning with Everrenew's commitment to sustainable renewable power solutions to meet increasing power demands.

Business Line

Inox Wind Share Price / Stock Highlights August 13, 2024: Inox Wind shares hit 52-week high, bags order for 51 MW equipment supply

Inox Wind Share Price / Stock Highlights for August 13, 2024: Inox Wind shares closed about 5% higher after hitting a 52-week high today. The company has bagged an order for 51 MW equipment supply, pertaining to its 3 MW Wind Turbine Generators (WTGs), from Everrenew Energy Private Ltd.

Mint

Inox Wind stock surges nearly 20% on best-ever Q1 earnings

Shares of Inox Wind surged 19.6% to ₹209 per share after the company posted a Q1FY25 net profit of ₹50 crore, reversing a ₹65 crore loss from last year. Total revenue rose 85% to ₹651 crore with EBITDA margins jumping by 1200 basis points to 21%.

Business Standard

Inox Wind Q1 results: PAT rises to Rs 50 cr, revenue surges to Rs 651 cr

Inox Wind Limited (IWL) on Friday posted a Rs 50 crore profit after tax during the June quarter on account of a surge in income. It had reported a loss of Rs 65 crore in the April-June quarter of the preceding financial year, the company said in an exchange filing. The company's total revenue surged 85 per cent to Rs 651 crore from Rs 352 crore in the year-ago period. Devansh Jain, Executive Director, INOXGFL Group, said "The hard work of last several years has started to yield results. Also, IWL's parent, IWEL has infused Rs 900 crore recently, making the company net cash positive and strengthening the balance sheet to capitalise on the multidecadal opportunity in the Indian wind sector." The company has an orderbook of around 2.9 gigawatt, IWL CEO Kailash Tarachandani said adding the company won orders of 611 MW in the ongoing FY25.

Business Line

Inox Wind bags 201 MW order from Integrum Energy

Inox Wind said on Tuesday that it has bagged an order for 201 megawatt from Integrum Energy Infrastructure. This is an equipment supply order for IWL’s latest 3 MW Wind Turbine Generators.

The Economic Times

Inox Wind shares zoom over 10%, co to turn debt free after Rs 900 crore infusion

Inox Wind shares rose 10.5% to Rs 157.25 on BSE after a Rs 900 crore infusion from its promoter on May 28, 2024, involving marquee investors. Now net debt-free with 284% share growth in a year. CEO Kailash Tarachandani envisions reduced interest expenses, strong order book, and a 2.5 GW capacity from four plants, subsidiary Inox Green Energy.

Business Standard

Inox Wind to become a debt-free company after promoter infuses Rs 900 cr

Inox Wind Ltd on Thursday said its promoter Inox Wind Energy (IWEL) has infused Rs 900 crore into the company, following which the wind energy solutions provider will become a net debt-free company. In a statement Inox Wind Ltd (IWL) on Thursday announced the completion of infusion of Rs 900 crore into the company by its promoter Inox Wind Energy Ltd (IWEL). "This fund infusion will help us become a net debt-free company, strengthening our balance sheet and help accelerate our growth. We expect substantial savings in interest expenses going ahead, aiding our profitability further," Kailash Tarachandani, CEO of Inox Wind said. The funds were raised by the IWEL on May 28, 2024, through sale of equity shares of IWL through block deals on the stock exchanges, witnessing participation of several marquee investors, as per the company statement. The funds will be utilised by Inox Wind Ltd to completely pare down its external term debt to achieve a net debt-free status, it added. Net Debt

Business Line

Broker’s call: Inox Wind (Buy)

Axis Securities