3:1 Bonus Share: Peer Company of Suzlon Secures Order for 200 MW for its Latest 3 MW Wind Turbine Generators from Renewable C&I Player!
FIIs increased their stake and the company’s shares have delivered an impressive return of over 270 per cent in the past 1 year only.
Inox Wind Limited, a leading provider of wind energy solutions in India, has secured a significant order for 200 MW from a renewable C&I power producer. The order encompasses Inox Wind's latest 3 MW Wind Turbine Generators (WTGs) and includes comprehensive turnkey execution. In addition to installation, Inox Wind will provide multi-year operations & maintenance (O&M) services following commissioning. The project spans across Gujarat and Rajasthan.
Mr. Kailash Tarachandani, CEO of Inox Wind, commented, "We are delighted to announce this substantial turnkey order for 200 MW. Inox Wind remains a preferred partner for renewable project developers due to our proven capabilities and track record in delivering large-scale wind projects. I am confident that this order, combined with our existing order book and robust pipeline, underscores our commitment to achieving significant growth in FY25 and beyond."
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Inox Wind Limited, a part of the Inox Group, specializes in manufacturing Wind Turbine Generators (WTGs) and offers comprehensive wind energy solutions. The company caters to a diverse clientele including Independent Power Producers (IPPs), Utilities, Public Sector Undertakings (PSUs), Corporations, and Retail Investors. Inox Wind Ltd operates as a fully integrated entity in the wind energy sector, providing end-to-end turnkey solutions.
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Inox Wind Limited shares closed the day at around Rs 159.20 per share. The company’s current market capitalization stands at Rs 20,756.40 crore. The stock has delivered a multibagger return of over 270 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Inox Wind Limited recorded a revenue of Rs 528 crore. The operating profit for Q4 FY24 stood at Rs 102 crore. The net profit for Q4 FY24 was Rs 37 crore. Looking at the annual performance, the company generated a revenue of Rs 1743 crore in FY24, compared to Rs 737 crore in FY23. The operating profit for FY24 was Rs 269 crore with a net loss of Rs 53 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.