Email: enquiry@inoxwind.com, Inox Wind continues on track of profitability, Inox Wind receives Letter of Intent for developing 501.6 MW from Adani Green Energy, Inox Wind signs landmark agreement with AMSC for the launch of 3MW Wind turbines in India, Inox Wind Limited – CRISIL upgrades Outlook to Positive, Reaffirms ratings for long term & short term bank facilities, Inox Wind Commissions Common Power Evacuation Systems with ISTS network at Dayapar, Land Rover Media Hub – Nur ein weiteres Auto Bildideen, 3 Small-Cap Stocks to Buy - Daily Stocks News. It has a robust order book of 1,220 MW as on June 2015, with turnkey projects contributing 60 per cent and equipment supply orders making the rest. With almost 9 GW of auctions conducted in past 12 months and various auctions lined up over the next few months, there is a strong visibility on order inflows for the Indian wind power sector. Investor Relations We have an EBITDA profit of Rs. Our common infra at Dayapar, Gujarat will enable us to commission over 600 MW on the same infrastructure. AMSC (NASDAQ: AMSC) generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner, better energy. These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh). We have an EBITDA profit of Rs. Phone: 0120- 6149 600 Phone: 0120- 6149 600 Email- Investors.iwl@inoxwind.com. We ended the financial year FY19 with consolidated revenues of Rs. Inox Wind Ltd. INOXWIND. Head – Investor Relations The S&P BSE SmallCap index was trading 0.61 per cent up at 16156.31. Investor Relations In a regulatory filing, Inox Wind has signed a binding agreement with Integrum Energy Infrastructure Pvt Ltd to supply, erect and commission 92 MW of wind power projects comprising 2 MW turbines with a combination of total turnkey and limited scope supply. We would continue to see the benefits of the auction regime flow in our financials with an on-going improvement in the various working capital parameters as well as increased profitability. Inox Wind zooms over 13% after SECI grants extension for Gujarat project If intrinsic value > current price, price increase is expected in the future to reduce … The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lend Lease Company India Ltd & Progressive Star Finance Pvt Ltd, The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Progressive Star Finance Pvt Ltd & Lend Lease Company India Ltd. With reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded, Inox Wind Ltd has submitted to BSE a copy of Clarification is enclosed. But from 2010-2013, there was policy paralysis in the country. The plant near Ahmedabad (Gujarat) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The wind tariffs have seen an upward trend in the last two SECI bidding rounds and with the 6th round of SECI (1200 MW) round the corner, we expect the sector to see a period of robust and sustainable growth going forward. March 9, 2021 Moneycontrol News Inox Wind shares rise 4% on agreement with Integrum Energy Infra. Mr. Devansh Jain, Executive Director of the Company stated, “The July-September quarter is the second consecutive quarter of profitability post the painful sector transition period. With the on-going supply and execution of our SECI projects, we aim to continually strengthen our position in the sector. And, the focus on non-conventional ways to generate electricity has provided the much-needed fillip to wind energy companies, including Noida-based Inox Wind, which makes wind turbine generators and provides turnkey solutions for wind power projects. The total income rose to Rs 209.44 crore in the quarter ended December 2020 from Rs 179.76 crore a year ago, the company said in a BSE filing. on Tuesday said it has signed a binding agreement with Integrum Energy Infrastructure for 92 mega watt (MW) of wind power projects. Building on our order book, of our newly launched 3.3 MW platform, we have also received an initial order from our existing customer who is a leading MNC IPP for the supply of equipments for 23.1 MW. Filing complaint not easy, Xiaomi turns profitable in third year in India, Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr), Highest Credit Rating during the previous FY, Name of the Credit Rating Agency issuing the Credit Rating mentioned in (4), Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the framework. Email- Investors.iwl@inoxwind.com. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum. “It’s about passion, focus and hard work,” he says. 20 crores and have a PAT profit of Rs. IWL has obtained ISO 9001:2008, ISO 14001:2004, OHSAS 18001 and ISO 3834 certifications for its management systems pertaining to manufacturing, installation, commissioning and O&M of wind turbines. So now I am trying to figure out what’s going to be the next avenue for me to build on,” he says. “Inox Wind is set to become the most profitable company in the ($4 billion) Inox Group this fiscal,” he tells Forbes India. According to the wind energy solutions provider, the projects will be made up of 2MW turbines with a combination of total turnkey and limited scope Inox Wind Limited Email- Investors.iwl@inoxwind.com, Inox Wind Commissions Common Power Evacuation Systems with ISTS network at Dayapar,Gujarat. Inox Wind’s manufacturing capacity stands at 1,600 MW per annum. With the sectoral headwinds behind us, INOX is uniquely positioned for significant sustainable growth going forward.”. The upgrade in outlook and reaffirmation of ratings reflects Inox Wind’s market position in the auction regime, focus on cost efficiencies, healthy auction based order book and robust execution capabilities. Amalgamation of Inox … 1437 crores as compared to Rs. Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions on a consolidated basis, in the format specified in the accounting standards, for the half year ended 30th September, 2020. The firm works on two business models: Turnkey Solution and Equipment Supply Model. The sector is turning around after a painful transition period of over 15 months and we view this quarter as a reflection of Inox Wind emerging stronger progressively with on-going supplies and execution. Inox Wind offers complete end to end solutions from concept to commissioning. This product would also support the competitive tariff environment currently present under the auction regime in India. This included orders received from outside customers as well as those where Inox Wind was itself the developer of the wind farms. We ended the financial year FY19 with consolidated revenues of Rs. In a regulatory filing, Inox Wind has signed a binding agreement with Integrum Energy Infrastructure Pvt Ltd to supply, erect and commission 92 MW of wind power projects comprising 2 MW turbines with a combination of … Inox Wind posts net profit of INR 2 crore in July to Sept quarter Published on - Nov 13,2018 More bad news for renewables; no priority lending Published on - Oct 03,2018 The Indian Wind power sector has strong visibility on order inflow on back of the 10GW annual wind power auctions announced till 2028 on back of the lower tariffs in comparison to other competing energy sources like thermal, solar etc. We are strongly placed on back of our connectivity backed order book and intend to execute our order book over the course of next 12-18 months. 199,00,00,000 (Rupees One Hundred and Ninety Nine Crore only) on Private Placement basis by Inox Wind Limited (the Company), Rupee extends gains to 3rd day, ends at 73.05 against dollar. Email- Investors.iwl@inoxwind.com. 18 crores and have a PAT profit of Rs. The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka, the company added. Inox Wind Announcement under Regulation 30 (LODR)-Press Release / Media Release Over the past few months, we have seen tariff stabilising which bodes well for the long term sustainable growth of the sector. 46 crores in the corresponding similar period. We have also seen tariffs stabilising over the past few months which bodes well for the long term sustainable growth of the sector.”. Business Standard News: Check out Inox Wind (INOXWIND) latest news, breaking news headlines from Business Standard News | Page 1 We would continue to see the benefits of the auction regime flow in our financials with an on-going improvement in the various working capital parameters as well as increased profitability. Jitendra Mohananey It is virtually on autopilot. The Company recently signed an exclusive technology agreement with AMSC to launch the next generation 3.3 MW wind turbine which will set new benchmarks in the Indian wind Industry. Get the latest INOX WIND LTD (INOXWIND.NS) stock news and headlines to help you in your trading and investing decisions. Inox Wind Ltd. engages in the manufacture and sale of wind turbine generators. Inox Wind presently has more than 1400 MW of developed and under development projects in the State and more than 2.6 GW installations all over India. A copy of the said Results along with Limited Review Reports of the Independent Auditors of the Company is enclosed herewith. In a regulatory filing, Inox Wind has signed a binding agreement with Integrum Energy Infrastructure Pvt Ltd to supply, erect and commission 92 MW of wind power projects comprising 2 MW turbines with a combination of total turnkey and limited scope supply. Volatility Over Time: INOXWIND's weekly volatility (10%) has been stable over … We returned to EBITDA profitability with a profit of Rs70 crores as compared to EBITDA loss of Rs13crores in the previous year quarter. The company was … This agreement comes on back of the existing licence for the 2MW range of wind turbines currently being offered by Inox Wind. A strong current order book of 1,200 megawatts (MW) and investor confidence place Inox Wind, and Devansh, in a sweet spot. Noida (Uttar Pradesh): Leading wind energy solutions provider Inox Wind said on Tuesday it has signed a binding agreement with Integrum Energy Infrastructure to supply, erect and commission 92 megawatts of wind power. Some measures include accelerated depreciation on wind power assets, generation-based incentives, inclusion of wind power projects as CSR activity and doubling of the National Clean Energy cess. Not one to be bogged down by challenges, Devansh decided to ride out the storm. The successful commissioning of the common power evacuation facilities at Dayapar is testament to Inox Wind’s project execution prowess and further strengthens the Company’s position as the leading wind power solutions provider in Gujarat. Noida, November 27, 2018: Inox Wind Limited, one of India’s leading wind energy solutions provider, has signed an exclusive agreement with AMSC (NASDAQ:AMSC), a global solutions provider serving the wind and power grid industry, to launch the 3MW wind turbine which is especially suitable for low wind regimes in India. Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors. Inox Wind Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2021. Inox Wind offers complete end to end solutions from concept to commissioning. The projects comprise of 2 MW (113-metre rotor diameter turbine combined with 92-metre hub height) turbines with a combination of total … The 3.3 MW wind turbine platform will further reduce levelized cost of electricity (LCoE) thereby supporting the government’s vision of a larger footprint for green energy. 61 crores as compared to an EBITDA loss of Rs. “It will be one of Asia’s largest blade plant in terms of size and production capacity. Noida, January 23, 2019: Inox Wind Limited, one of India’s leading wind energy solutions provider, has received a Letter of Intent (LOI) from Adani Green Energy, a part of the Adani group and India’s leading Independent Power Producer (IPP) to supply, erect and commission 501.6 MW of wind power projects, across projects won under SECI auctions. New Delhi, Aug 9 (PTI) Wind turbine maker Inox Wind … The Exchange has sought clarification from Inox Wind Ltd on November 23, 2020 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded. We continue to maintain a strong partnership with Adani Green Energy and recently received a letter of intent (“LOI”) of 501.6 MW to supply, erect and commission the newly launched 3.3 MW wind turbines. This will enable commissioning of projects won under various SECI auctions with state of the art 2 MW & 3.3 MW wind turbines. Inox Wind Limited Watchlist. We have an EBITDA profit of Rs. We are in advanced stages of discussions for additional orders of over 600 MW, which, if fruitful, would add to our order book in the coming quarters. With FY18 firmly behind us, we look forward to FY19 with renewed vigour and enthusiasm to reap the benefits of the regime change with an improvement in the inventory, receivables, working capital parameters and increased profitability for Inox Wind. IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, reliability and cost competitiveness. Noida, 24th June 2019: Inox Wind Limited, India’s leading wind energy solutions provider, is pleased to announce the commissioning of the common power evacuation facilities at Dayapar site in District Bhuj in the State of Gujarat.The common power evacuation systems for the wind park comprise of a 220 KV Sub-station, a 220 KV Double Circuit Transmission line and associated infrastructure. No, Name of the Company Secretary: Deepak Banga, Name of the Chief Financial Officer: Narayan Lodha, Board Meeting : Audited Results & Final Dividend. For reprint rights: The Economic Times Digital Payments Forum, Market Movers: Indiabulls Housing soars, Shree Cement slumps; 52 stocks give buy signal, Sun Pharma, India Cements, 75 other stocks send out buy signal, suggests MACD, Inox Wind signs pact for 92 MW-projects with Integrum Energy Infrastructure, Inox Group plans Rs 2,000 crore capex to increase medical, industrial gas production, Inox Wind bags orders for supply, installation of wind turbine generators of 62 MW, Inox Wind Q3 results: Net loss widens to 52 crore, Stock market update: SmallCap stocks rise; Wockhardt skyrockets 20%, Inox Wind board approves allotment of NCDs worth Rs 199 cr to investors, MAS Financial | BUY | Target Price: Rs 903, An Insight into ETFs - How they help in long term wealth creation, Adar Poonawalla transfers entire Panacea Biotec stake worth Rs 118 cr to Serum Institute, India loses ONGC Videsh discovered Farzad-B gas field in Iran, Dogecoin’s popularity soars ahead of Nifty, mutual funds in India, Bitcoin tops $16,000-mark! This product reinforces our firm commitment to provide our clients with energy efficient, superior output products and ensures that Inox Wind continues to play a pioneering role in the wind turbine industry in India. 39 crores as compared to a PAT loss of Rs. 185 crores in the previous year FY18. Disclaimer: If you need to update/edit/remove this news or article then please contact our support team. Founded in 2009, Inox has already made significant strides in recent years. Inox Wind’s manufacturing capacity stands at 1,600 MW per annum. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Besides manufacturing and supply of WTGs, Inox Wind offers services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and long-term O&M of wind power projects. This coupled with wind tariffs being lower than thermal prices, we expect the sector to see a period of robust and sustainable growth going forward.”, Jitendra Mohananey] His company, Inox Wind, the renewable wind energy solutions provider, raised Rs 1,000 crore and was oversubscribed 18 times. Inox Wind News, Inox Wind Latest News, Results, Updates and Analysis on NDTV Profit. Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Key Reasons of Success Ability to provide turnkey solutions for wind farm projects in India + Tomorrow is different. Pursuant to Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Certificate for the Half Year ended on 31st March, 2021.
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