Inox wind order book

Get the latest inox wind stock price and detailed information including news, historical charts and realtime prices. Inox wind, which manufactures wind turbine generators and provides turnkey solutions for wind farm projects, had an order book of 1,258 mw as of december 31, 2014. Inox wind gets 250 mw project in gujarat daily excelsior. It also bagged 50mw in the maharashtra state auction, which has enhanced its auctionbased order book to a sectorleading 950mw in the indian. This is in addition to the 300mw won earlier in the secii auction wins 25% market share in the mw seciii auction beating competition from various wtg manufacturers and independent power producers ipp inox wind was the only wtg manufacturer to win in the auction auction based order book.

It will supply its 2mw turbines for the wind park and will be in charge of development, construction, commissioning and longterm operations and maintenance. Inox wind has won 250mw in the seciii auction at a fixed price of rs2. Inox wind limited manufactures and sells wind turbine generators and components in india. Investment rationale while the companys record is good and its order book robust, a strong management adds to confidence. Inox wind moves ahead with support from govts renewable. Doubling of marketshare, capacity make inox wind stock. The new auctioning model for the wind sector is still workinprogress, considering that the government has had to postpone its second round of. The order involves supply and installation of 25 units of inox winds market leading 100 meter rotor dia wind turbine generator. Inox wind shares tanked over 19 per cent on monday after the companys consolidated net profit declined 36 per cent to rs 127.

Inox plans indias largest wind turbine amid supply. Wind energy solutions provider inox wind iwl is challenging the national company law tribunals chandigarh bench order on insolvency, claiming it is solvent and in excellent financial health. Over the quarter, inox wind has also readied itself and is on the cusp of launching its next generation multi megawatt wind turbines platform to further reduce levelized cost of electricity lcoe. We have an ebitda profit of rs 53 crore as compared to an ebitda loss of rs 20 crore and have a patprofit after tax profit of rs 2 crore in july september as compared to a pat loss of rs 46 crore in the corresponding similar period, a company statement said. Inox wind shares have tumbled over 19% supposedly on the back of a 36% slide in q4 net profits. Mr devansh jain, director, inox wind tells et now the company has already rebuilt one of indias largest order book in the sector, and the focus is solely on execution and bringing back sales. Inox wind eyes large share of upcoming wind power projects 20171006 20171006 sanjay kumar inox wind limited, which manufacturers wind turbines and constructs wind power farms, said it intends to put up a 250 mw wind farm in kutch in gujarat in the next 12 months and will continue to bid aggressively in upcoming auctions.

Its customer base includes companies such as tata power, continuum wind, clean wind power hero group and renew power. Ipos such as these dampen the mood of retail investors. Inox wind posts net profit at 2 cr in julsept quarter pti nov 5, 2018, 19. As with siemens gamesa, inox was also able to win orders from power producers that had earlier placed orders with senvion. Wind power solutions provider inox wind today reported a. Inox wind has bagged two orders for a cumulative capacity of 100 mw from one of indias leading renewable energy independent power producers. Inox winds financials have been under pressure as 201617 revenue declined 23% yearonyear to rs 3,415 crore. Headquartered in noida, india, the company is a subsidiary of gujarat fluorochemicals limited. Due to the lower intensity of competition and with our new 3. Inox wind limited manufactures wind turbine generators, or wtgs, and provides services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and long term operations and. Inox wind expressed confidence of expanding its auction order book as the government plans 10 gw of wind power auctions in each of the fiscal years 201819 and 201920.

Is now the correct time to buy inox wind shares, as the. T he company came out with an ipo on march 18 2015 offering 3,19,18,226 equity shares of rs. Alternative sources of energies such as solar and wind are. Wind turbine maker inox wind today said it has bagged a 250 mw project in the seciii auction. It managed to increase its market share to 11% from 6% in 2018. Inox wind ltd, one of indias largest wind power equipment makers, has won an order to supply wind turbine generators to a unit of adani group for. It said that it is strongly placed on back of our connectivity backed order book and intends to execute its order book over the course of. The rating assigned to the bank facilities of inox wind limited iwl continues to take into account healthy order book position, presence of the resourceful promoter group, viz, inox group and experienced management, satisfactory market. Inox wind ltd inox wind looks to close fy19 in the green. It is in advanced stages of discussions for additional orders of over 600 mw, which, if fruitful, would add to its order book in the coming quarters.

Inox wind looks to close fy19 in green steelguru india. Devansh jain, director, inox wind tells et now the company has already rebuilt one of indias largest order book in the sector, and the focus is solely on execution and bringing back sales. This has taken its total order book position to 700 mw. Strong order book inox wind bagged orders from all the central wind power auctions conducted by the solar energy corporation of india seci during fy2018 under the auction regime. However, this is not the real reason to keep away from the share. Devansh jain the company is in active discussion across the board with ipps, utilities, and expect. Inox wind eyes large share of upcoming wind power projects. Inox wind bags orders for 40mw projects from gujarats. Inox wind said that its conventional order book has lost relevance due to the change in policy. Et had exclusively reported on saturday that nclt passed an order on july 5, clearing way for the insolvency of the company after an operational creditor jeena and co moved a petition for. The price action plainly shows that the ipo had been severely overvalued. Inox winds total income from operations declined by 89% to rs87. Incorporated on april 9, 2009 and is based in noida, india.

The main problem with this company is the fundamental change in its bu. Inox wind public issue to fetch over rs 1,000 crore. A strong current order book of 1,200 megawatts mw and investor confidence place inox wind, and devansh, in a sweet spot. Inox has a capacity of 800 mw for hub and 600 mw for turbines. Inox wind challenges national company law tribunals order. Inox wind posts net profit of rs 2 crore in julyseptember. We have begun fy19 in full earnest and look forward to the year being a turnaround year for the indian wind sector, commented ceo kailash tarachandani. Inox wind bags 100 mw order from renewable energy ipp. We see the wind industry to be in the last phase of transition to a complete auctionbased regime, inox wind executive director devansh jain said. Thanks to the wind power auctions and falling costs, there should be sustainable and strong growth for the sector, it added. It has a robust order book of 1,220 mw as on june 2015, with turnkey projects contributing 60. All the future projects all the future project execution at dayapar, gujarat has. Inox wind on road to insolvency after nclt clears process. Inox wind posts net profit at 2 cr in julsept quarter.

Inox wind ltd has bagged two orders for a cumulative capacity of 100 mw from one of the leading renewable energy independent power producers of the country. It recently bagged a rs 900 crore order for 170 mw wind power project at madhya pradesh with its newly launched 2mw wind turbines. As such, inoxs strong growth is likely to continue, supported by a robust order book of 1. To recap, inox wind, which released its results earlier than suzlon, has said that a large part of its order book has turned redundant due to the ongoing transformation in the wind energy market. Inox wind posts net profit of rs 2 crore in julsept quarter. It is typical in industry for the turnkey project, all the order go between rs 66. The gradual selling pressure is obvious to traders like me. Inox wind is strongly placed in this auction regime with a sector leading order book of 950 mw. Inox wind reports rs 55cr net loss on dip in revenues. Since madhya pradesh accounts for 24% of inoxs order book, the reduction of feedin tariffs compensation for wind power producers in the state could have led to order book contraction. This project we understand is going to be a part of inox wind power of 400. Inox wind posts net profit of inr 2 crore in july to sept. Commenting on the wind power market, inox wind said it anticipates fiscal 201819 to be a strong turnaround year as the sector has strong visibility on order flow.