Hot Pursuit     09-Jul-24
Inox Wind gains on bagging 200-MW order
Inox Wind gained 2.31% to Rs 161.95 after the wind energy solutions provider has bagged an order for 200 megawatt (MW) from a renewable C&I power producer.

The said order is for IWL’s latest 3 MW Wind Turbine Generators (WTGs) and the scope comprises of end to end turnkey execution.

Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed across the states of Gujarat and Rajasthan.

Kailash Tarachandani, CEO of Inox Wind, said, “ Inox Wind continues to be a preferred partner for renewable project developers given our capabilities and credentials to deliver large scale wind projects. I believe this, along with our existing order book and strong order pipeline, reinforces our commitment towards achieving substantial growth in FY25 and beyond.”

Inox Wind is a wind energy solutions provider in India, catering to IPPs, Utilities, PSUs, and Corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum.

The wind energy service provider reported a consolidated net profit (from continuing operations) of Rs 37.67 crore in Q4 FY24 as against a net loss of Rs 115.51 crore posted in Q4 FY23. Revenue from operations stood at Rs 527.73 crore in Q4 FY24, steeply higher than Rs 190.75 crore recorded in the corresponding quarter previous year.

Previous News
  Inox Wind revises record date for bonus issue
 ( Market Beat - Reports 11-May-24   11:51 )
  Inox Wind Ltd leads losers in 'A' group
 ( Hot Pursuit - 28-May-24   15:00 )
  Inox Wind receives credit ratings for bank facilities
 ( Corporate News - 22-May-24   09:03 )
  CESC enters deal for 1500 MW wind capacity with Inox Wind
 ( Corporate News - 08-Feb-24   09:11 )
  Inox Wind appoints CFO
 ( Corporate News - 10-Feb-24   13:22 )
  Inox Wind Ltd leads losers in 'A' group
 ( Hot Pursuit - 10-Jan-24   15:00 )
  Inox Wind to conduct EGM
 ( Corporate News - 25-Apr-24   14:22 )
  Inox Wind raises Rs 500 crore from promoter entities through equity share sale
 ( Hot Pursuit - 17-Aug-23   10:46 )
  Inox Wind gets equity infusion of Rs 500 cr from promoters
 ( Corporate News - 17-Aug-23   09:05 )
  Inox Wind reports consolidated net loss of Rs 104.31 crore in the March 2021 quarter
 ( Results - Announcements 25-Jun-21   18:17 )
  Inox Wind to convene board meeting
 ( Corporate News - 26-Nov-22   09:26 )
Other Stories
  NBCC (India) edges higher after bagging work order from Maharashtra Govt
  29-Jul-24   10:26
  UltraTech Cement edges higher after board OKs India Cements acquisition
  29-Jul-24   10:07
  Bandhan Bank soars after PAT climbs 47% to Rs 1,063 cr in Q1 FY25
  29-Jul-24   10:04
  Real Estate stocks edge higher
  29-Jul-24   10:00
  Capital Goods shares gain
  29-Jul-24   10:00
  Industrials stocks edge higher
  29-Jul-24   10:00
  Punjab & Sind Bank rises after Q1 PAT gains 19% YoY to Rs 181 cr
  29-Jul-24   09:59
  Kaynes Tech jumps after Q1 PAT soars YoY to Rs 58 cr in FY25
  29-Jul-24   09:57
  ICICI Bank gains after Q1 PAT rises 15% YoY to Rs 11,059 cr
  29-Jul-24   09:54
  IndusInd Bank gains as Q1 PAT rises to Rs 2,152 cr
  29-Jul-24   09:53
Back Top