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Inox Wind
Inox Wind on Wednesday said it has entered into an agreement with KP Energy for jointly developing 2.5 GW of wind-solar hybrid projects in multiple states across the country. Under the Memorandum of Understanding (MoU) with KP Energy, Inox Wind Limited (IWL) along with its subsidiaries will supply wind turbine generators and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre-commissioning, commissioning and O&M of wind turbine generators, Inox Wind said in a statement. KP Energy will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing balance of plant and EPC (engineering, procurement and construction) works, the statement said. "The synergies between Inox Wind's manufacturing excellence, engineering depth and product reliability, and KPE's extensive on-ground development experience enables both ...
Inox Solar on Monday said its arm Inox Clean Energy has commenced production at its solar module manufacturing facility in Bavla, Ahmedabad, Gujarat. The fully-automated plant, equipped with cutting-edge technology, manufactures N-type TOPCon solar modules using M10, G12R, and G12 solar cells, a company statement said. Inox Clean Energy Ltd's wholly-owned subsidiary, Inox Solar Ltd, on Monday announced the commencement of production at its solar module manufacturing facility in Bavla, Ahmedabad, Gujarat, with the first phase capacity of 1.2 GW from its 3 GW plant, according to the statement. This globally recognised module technology is the latest in solar manufacturing, offering higher efficiency, lower degradation, and superior reliability, setting a benchmark for modern solar installations. The bifacial modules further enable dual-sided power generation, boosting Capacity Utilisation Factor (CUF) and overall productivity. The Bavla facility is set to scale up further to 3 GW of
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
The Chandigarh bench of National Company Law Tribunal (NCLT) has approved the merger of Inox Wind Energy Ltd and Inox Wind Ltd, a decision that will streamline the wind business vertical of the INOXGFL Group and improve overall operational efficiencies. Following the NCLT order on Tuesday, Inox Wind Energy Ltd will be amalgamated into Inox Wind Ltd (IWL), INOXGFL Group said in a statement on Wednesday. The merger simplifies and streamlines the wind business vertical of the INOXGFL Group, improving overall operational efficiencies, it said. The merger, or the "scheme of arrangement", will also reduce IWL's liabilities by Rs 2,050 crore, strengthening its balance sheet. The overall consolidation of businesses, financial, operational and other synergies may result in enhancing value for various stakeholders of the companies. As a result of this merger, 632 equity shares of face value of Rs 10 each of IWL will be allotted for every 10 equity shares of face value of Rs 10 each of IWEL
Inox Wind Ltd (IWL) on Friday reported a multifold rise in consolidated profit after tax (PAT) to Rs 239 crore, backed by higher revenues. It had posted a Rs 33 crore PAT in the year-ago quarter, the company said in a statement. The company's consolidated revenues rose 96 per cent to Rs 994 crore from Rs 507 crore in the October-December period of 2023-24. IWL's order book stood at 3,286 MW at the end of the third quarter of the ongoing fiscal year, 28 per cent higher from 2,575 MW in the year-ago period. INOXGFL Group Executive Director Devansh Jain said "Q3 results firmly establish the enormous growth trajectory the company is on. We continue to capitalise on the large growth opportunities in the Indian market, and supplemented by our new ventures, our offerings now encompass the entire renewables ecosystem, opening up additional areas of businesses for Inox Wind and its subsidiaries." Part of USD 12-billion INOXGFL Group, IWL is India's leading wind energy solutions provider ..
Inox Wind (IWL) on Wednesday said it has secured a 60 MW equipment supply order from Serentica Renewables. This order is for the supply of 3 MW class wind turbines. This order is to be delivered within H1 CY25 and it will be installed at the hybrid renewable energy project site being developed by Serentica Renewables in Karnataka, the company said in a statement. Additionally, IWL will provide multi-year post-commissioning Operations & Maintenance (O&M). The power generated from this project will be supplied to Serentica's partners, including the Vedanta Group. Kailash Tarachandani, Group CEO, Inox Wind said in the statement, "We are extremely pleased to establish our relationship with Serentica with this 60 MW equipment supply order. Akshay Hiranandani, CEO of Serentica Renewables, said, "Our collaboration with Inox Wind for this 60 MW wind project in Karnataka marks another significant milestone in our journey to deliver reliable and green energy to our partners, including .