1,200 per cent returns & FIIs increase 3.9 per cent stake: This multibagger wind energy stock bags new order for 201 MW from Integrum Energy!

Shares of the company gained more than 25 per cent in the last six months.

Inox Wind Limited has secured a 201 MW order from Integrum Energy Infrastructure Ltd. This repeat order involves the supply of 3 MW wind turbine generators and subsequent O&M services. The project will span across Madhya Pradesh, Rajasthan, Karnataka, and Maharashtra. This order solidifies Inox Wind's position as a leading wind energy solutions provider and underscores its strong partnership with Integrum Energy.

Recently, Inox Wind has secured a 200 MW order from a commercial and industrial renewable energy player. The project will feature 3 MW wind turbines and encompass turnkey execution. Post-commissioning, Inox Wind will provide long-term operations and maintenance services. The project is slated for Gujarat and Rajasthan.

The company posted strong Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 527.73 crore which grew by 176.66 per cent YoY. The operating profit of the company stood at Rs 137.54 crore, while the PAT of the company stood at Rs 37.67 crore, representing an impressive growth of 300 per cent YoY. The stock has also delivered multibagger returns of over 1,200 per cent in the past five years. FIIs increase stake in the company by 3.9 per cent.

Inox Wind Limited is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind Limited is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.