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Inox Wind Energy Ltd.

BSE: 543297 Sector: Infrastructure
NSE: IWEL ISIN Code: INE0FLR01028
BSE 00:00 | 08 Aug 530.50 -8.40
(-1.56%)
OPEN

536.05

HIGH

549.90

LOW

527.70

NSE 00:00 | 08 Aug 525.95
(%)
OPEN

527.00

HIGH

554.10

LOW

512.65

OPEN 536.05
PREVIOUS CLOSE 538.90
VOLUME 38
52-Week high 992.00
52-Week low 442.95
P/E 5.96
Mkt Cap.(Rs cr) 583
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 536.05
CLOSE 538.90
VOLUME 38
52-Week high 992.00
52-Week low 442.95
P/E 5.96
Mkt Cap.(Rs cr) 583
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Inox Wind Energy Ltd. (IWEL) - Company History

Inox Wind Energy Limited (IWEL) was incorporated as Public Limited Company on 06 March 2020 under the Companies Act 2013 in the State of Gujarat as a wholly owned subsidiary of GFL Limited with the objective of engaging in business of generation and sale of wind energy providing services for Erection Procurement and Commissioning (EPC) of wind farms and holding strategic business interest in Renewables Energy. The Company received the Demerged Undertaking of GFL Limited and continue to run Renewable Energy Business at various sites located Pan India including sites in Tamil Nadu Maharashtra Kerala and Rajasthan. The Company sites are strategically located at various locations catering to growing demand for wind energy and further expand operations. The global wind energy market holds massive potential to provide clean electricity and eliminate carbon emissions from fossil fuels.During the Financial Year 2021 the Hon'ble National Company Law Tribunal Ahmedabad Bench (NCLT) vide its Order dated 25th January 2021 approved a Composite Scheme of Arrangement between Inox Renewables Limited (Transferor Company or Inox Renewables) GFL Limited (First Transferee Company or GFL) and Inox Wind Energy Limited (Second Transferee Company or IWEL or the Company) in the nature of Amalgamation of Inox Renewables Limited with GFL Limited and further Demerger and transfer of the Renewable Energy business from GFL to Inox Wind Energy Limited. The said NCLT Order was filed by both the Companies with Registrar of Companies and Scheme became effective from 9th February 2021 making the Scheme operative.

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