Latest news with #InoxWindLtd
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Business Standard
2 days ago
- Business
- Business Standard
Inox Wind sells ₹175 crore stake in EPC arm at ₹7,400 crore valuation
Inox Wind Ltd, India's leading wind energy solutions provider, on Tuesday said it has sold a Rs 175 crore stake in its EPC subsidiary, Inox Renewable Solutions Ltd, to investors at a valuation of Rs 7,400 crore. The post-merger valuation of Inox Renewable Solutions Ltd (IRSL), recently received no objection' from the stock exchanges, a company statement said. Inox Wind caters to Independent Power Producers (IPPs), utilities, PSUs, and corporate investors. Inox Wind Ltd (IWL) is a part of the $12 billion INOXGFL Group, which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy, it said. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where blades, tubular towers, as well as hubs & nacelles are manufactured. Through its other subsidiary, Inox Renewable Solutions (earlier known as Resco Global Wind Services Pvt Ltd), IWL provides EPC services for wind projects and develops common infrastructure, including power evacuation infrastructure, for renewable projects. Inox Wind's large and well-diversified orderbook of 3.1 GW, with a healthy order inflow pipeline, provides strong revenue visibility for IRSL. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
2 days ago
- Business
- News18
Inox Wind sells Rs 175 cr stake in Inox Renewable Solutions
Agency: New Delhi, Aug 19 (PTI) Inox Wind Ltd, India's leading wind energy solutions provider, on Tuesday said it has sold a Rs 175 crore stake in its EPC subsidiary, Inox Renewable Solutions Ltd, to investors at a valuation of Rs 7,400 crore. The post-merger valuation of Inox Renewable Solutions Ltd (IRSL), recently received 'no objection' from the stock exchanges, a company statement said. Inox Wind caters to Independent Power Producers (IPPs), utilities, PSUs, and corporate investors. Inox Wind Ltd (IWL) is a part of the USD 12 billion INOXGFL Group, which has a legacy of over nine decades and is primarily focused on two business verticals – chemicals and renewable energy, it said. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where blades, tubular towers, as well as hubs & nacelles are manufactured. Through its other subsidiary, Inox Renewable Solutions (earlier known as Resco Global Wind Services Pvt Ltd), IWL provides EPC services for wind projects and develops common infrastructure, including power evacuation infrastructure, for renewable projects. Inox Wind's large and well-diversified orderbook of 3.1 GW, with a healthy order inflow pipeline, provides strong revenue visibility for IRSL. PTI KKS DR DR view comments First Published: August 19, 2025, 11:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
Business Standard
15-07-2025
- Business
- Business Standard
Jaiprakash Power Ventures Ltd leads losers in 'A' group
Tejas Networks Ltd, Ola Electric Mobility Ltd, Inox Wind Ltd and Five-Star Business Finance Ltd are among the other losers in the BSE's 'A' group today, 15 July 2025. Tejas Networks Ltd, Ola Electric Mobility Ltd, Inox Wind Ltd and Five-Star Business Finance Ltd are among the other losers in the BSE's 'A' group today, 15 July 2025. Jaiprakash Power Ventures Ltd crashed 7.57% to Rs 25.16 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 399.67 lakh shares were traded on the counter so far as against the average daily volumes of 270.17 lakh shares in the past one month. Tejas Networks Ltd tumbled 6.50% to Rs 653.95. The stock was the second biggest loser in 'A' the BSE, 8.2 lakh shares were traded on the counter so far as against the average daily volumes of 93417 shares in the past one month. Ola Electric Mobility Ltd lost 4.71% to Rs 44.91. The stock was the third biggest loser in 'A' the BSE, 570.71 lakh shares were traded on the counter so far as against the average daily volumes of 89.29 lakh shares in the past one month. Inox Wind Ltd fell 4.71% to Rs 168.05. The stock was the fourth biggest loser in 'A' the BSE, 3.18 lakh shares were traded on the counter so far as against the average daily volumes of 3.81 lakh shares in the past one month. Five-Star Business Finance Ltd plummeted 4.69% to Rs 743.5. The stock was the fifth biggest loser in 'A' the BSE, 32038 shares were traded on the counter so far as against the average daily volumes of 19411 shares in the past one month.
Business Standard
10-07-2025
- Business
- Business Standard
Inox Wind Ltd rises for third straight session
Inox Wind Ltd is quoting at Rs 178.85, up 1.14% on the day as on 12:49 IST on the NSE. The stock is up 13.12% in last one year as compared to a 4.43% jump in NIFTY and a 14.74% jump in the Nifty Energy index. Inox Wind Ltd is up for a third straight session today. The stock is quoting at Rs 178.85, up 1.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 25392.65. The Sensex is at 83345.69, down 0.23%. Inox Wind Ltd has slipped around 3.28% in last one month. Meanwhile, Nifty Energy index of which Inox Wind Ltd is a constituent, has slipped around 0.47% in last one month and is currently quoting at 36517.5, down 0.18% on the day. The volume in the stock stood at 30.89 lakh shares today, compared to the daily average of 56.92 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 179.36, up 1.37% on the day. Inox Wind Ltd is up 13.12% in last one year as compared to a 4.43% jump in NIFTY and a 14.74% jump in the Nifty Energy index. The PE of the stock is 58.33 based on TTM earnings ending March 25.
