Hot Pursuit     22-Jun-24
Inox Green Energy board OKs fund raising proposal
Inox Green Energy Services informed that its board has approved the proposal for raising of funds by way of issuance of one or more securities including equity shares, convertible securities of any description or warrants.
The company may also raise funds through preferential issue, private placement, rights issue or any other methods or combination thereof as may be permitted under applicable laws, subject to such regulatory/ statutory approvals as maybe required, including the approval of shareholders of the company and to approve such ancillary actions for the above mentioned fund raising as may be required.

Inox Green Energy Services is one of the major wind power O&M service providers within India with a fleet size of >3 GW. The company is engaged in the business of providing long-term O&M services for wind projects.

The company reported a consolidated net profit of Rs 21.32 crore in Q4 FY24 as against a net loss of Rs 0.57 crore in Q4 FY23. Revenue from operations declined 7.7% YoY to Rs 52.43 crore during the period under review.

The scrip surged 7.14% to close at Rs 171.05 on Friday, 21 June 2024.

Previous News
  Inox Green Energy Services reports consolidated net profit of Rs 2.62 crore in the June 2023 quarter
 ( Results - Announcements 31-Jul-23   07:39 )
  Inox Green Energy Services IPO subscribed 46%
 ( IPO Centre - IPO News 11-Nov-22   17:45 )
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 ( Corporate News - 23-Nov-22   09:53 )
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 ( Hot Pursuit - 21-Aug-23   08:31 )
  Inox Green Energy Services slides on debut
 ( Hot Pursuit - 23-Nov-22   10:16 )
  Board of Inox Green Energy Services to consider matters related to NCDs
 ( Corporate News - 21-Dec-22   09:06 )
  Torrent Power Ltd Surges 6.29%, S&P BSE Utilities index Gains 1.12%
 ( Hot Pursuit - 04-Jan-24   09:30 )
  Inox Green inks pact to divest 100% stake in Nani Virani SPV
 ( Hot Pursuit - 09-Oct-23   12:59 )
  Inox GFL group raises Rs 1500 cr to reduce its debts
 ( Corporate News - 08-Dec-22   11:46 )
  Inox Wind and Inox Green Energy Services reduce debt aggregating Rs 411 cr
 ( Corporate News - 30-Nov-22   10:35 )
  Board of Inox Green Energy Services approves allotment of 11.38 cr equity shares
 ( Corporate News - 21-Nov-22   08:39 )
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