Inox Wind Ltd (INOXWIND)

Inox Wind Targets Significant Increase in Operational Capacity - 22 Jul, 2024

Despite being unprofitable, Inox Wind has delivered a 921% return to shareholders over five years. The company aims to execute 800 MW of wind energy projects in FY25 and 1,200 MW in FY26.

Policy Recommendations May Benefit Inox Wind - 19 Jul, 2024

JM Financial suggests that new policy recommendations may discourage new players in the wind energy sector, potentially benefiting domestic players like Inox Wind Ltd with healthy order books and strong pipelines.

Renewable Energy Incentives Could Benefit Inox Wind - 16 Jul, 2024

JM Financial predicts enhanced incentives for renewable energy, including battery storage and wind plants, would benefit power ancillaries such as Inox Wind. Any steps towards rooftop solarisation will also be positive.

Inox Wind Shares Surge on Renewable Energy Focus - 12 Jul, 2024

Shares of Inox Wind surged over 10% on the NSE as investors anticipate a continued focus on renewable energy in the upcoming Union Budget. The company also received a Rs 900-crore capital infusion from promoter IWEL and announced an order for 200 MW from a C&I power producer.

Inox Wind Bags 200 MW Order from Renewable Power Producer - 09 Jul, 2024

Inox Wind secures a 200 MW order for its latest 3 MW wind turbine generators (WTGs) from a renewable C&I power producer. The project will be executed across Gujarat and Rajasthan, including end-to-end turnkey execution and post-commissioning multi-year operations and maintenance services. In addition, the company achieved debt-free status and reported strong financial performance.

Inox Wind Receives Rs 900 Crore Capital Infusion - 05 Jul, 2024

Inox Wind's promoter, Inox Wind Energy Limited, has infused Rs 900 crore into the company. The move is expected to boost the wind energy service provider's position in India's growing wind sector.

Inox Wind Shares Surge After Capital Infusion - 04 Jul, 2024

Inox Wind's stock price surged over 10% as the company announced a Rs 900 crore capital infusion from its promoter, Inox Wind Energy, which will be used to pare down external term debt and achieve a net debt-free status. The move is expected to enhance the company's financial position and accelerate growth prospects.

Inox Wind Receives Buy Rating from Axis Securities - 01 Jul, 2024

Axis Securities has initiated coverage on Inox Wind with a buy rating and set a target price of Rs 185 per share. The company's strengths include a strengthened balance sheet, robust order book, ramp-up in execution, technological advancement, and nil interest-bearing debt on the books.

Axis Direct Advises Buying Inox Wind Stock with 12-18 Month Perspective - 30 Jun, 2024

Brokerage Axis Direct has advised buying shares in power stock Inox Wind Ltd, citing the company's strong balance sheet, order book of 2.7 GW, and technological readiness for the next decade. The brokerage has set a target price of Rs 185 per share and expects further returns of over 30%. Inox Wind's performance increased by 262% YoY in FY24 to 376 MW. The green energy stock has given multi-bagger returns of 261% in the last year and 600% in the last two years.

Inox Wind Receives Buy Call from Axis Securities - 28 Jun, 2024

Inox Wind receives a buy call from Axis Securities with a target price of Rs 182, indicating an upside potential of over 28%. The company has reported a consolidated net profit of Rs 37.67 crore in Q4 FY24, while its revenue from operations stood at Rs 527.73 crore.

Inox Wind Subsidiary Plans to Raise up to Rs 1,050 Crore - 26 Jun, 2024

Inox Green Energy Services Ltd, a subsidiary of Inox Wind, has approved a plan to raise up to Rs 1,050 crore through preferential issues and convertible warrants. The fundraising includes the issuance of up to 2.89 crore equity shares at an issue price of Rs 138 per share and the issuance of up to 4.48 crore convertible warrants.

Inox Wind Reports Profit in Q4 FY24; Inox Green Plans Fundraising - 24 Jun, 2024

Inox Wind reported a net profit of Rs 37.7 crore in Q4 FY24 and revenue nearly tripled YoY. Meanwhile, Inox Green Energy Services is planning to raise funds through the issuance of securities.

Inox Wind Ltd Shows Strong Performance with Notable Projects and Robust Order Book - 23 Jun, 2024

Inox Wind Ltd executed several projects, including a 3MW WTG and secured a landmark contract with CESC for 1,500MW. The company's unexecuted order book stands at 2,656MW as of Q4FY24. In financial markets, the stock has shown strong performance with a 24% increase over the last six months and an impressive 255% gain over the past year.