Inox Wind (IWL) has bagged an order for 87 MW from Continuum Green Energy (Continuum), a leading renewables C&I player. This repeat order from Continuum is for IWL`s 3 MW Wind Turbine Generators (WTGs) and will be executed on an end-to-end turnkey basis. Additionally, IWL will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the states of Gujarat and Rajasthan. The addition of this order takes the total cumulative orders from Continuum to ~ 700 MW, and IWL`s orderbook to >3.4 GW, the highest ever in its history.Powered by Capital Market - Live News

Net profit of Inox Wind reported to Rs 92.89 crore in the quarter ended September 2024 as against net loss of Rs 24.12 crore during the previous quarter ended September 2023. Sales rose 97.56% to Rs 732.24 crore in the quarter ended September 2024 as against Rs 370.64 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales732.24370.64 98 OPM %23.6213.04 - PBDT138.16-1.89 LP PBT93.81-28.14 LP NP92.89-24.12 LP Powered by Capital Market - Live News

Inox Wind will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live News

Inox Wind (IWL) has signed a consortium agreement with a group of banks led by ICICI Bank for limits of ~ Rs 2,200 crore. This limit is likely to be enhanced further to ~ Rs 2,400 crore as per the working capital assessment done by the lead bank (ICICI Bank). The limits extended are largely non-fund based [bank guarantees (BGs) and letter of credits (LCs)]. The limits have been sanctioned on the financial strength of IWL`s balance sheet and without the requirement of any corporate guarantees or any other support from Gujarat Fluorochemicals (GFL). IWL`s recent fund raises as well as its operational ramp up have led to its balance sheet becoming net cash positive. With this arrangement in place, any prior corporate guarantee or any other such support extended to IWL by GFL stands vacated / to be vacated in the near future.Powered by Capital Market - Live News

Inox Wind (IWL) has received a Letter of Intent (LoI) from IGREL Renewables (IGREL) for execution of 550 MW wind capacity on turnkey basis. As part of the project, Inox Wind will supply, install and commission the Wind Turbine Generators (WTGs), and provide multi-year comprehensive operations & maintenance (O&M) services post commissioning. The project will be executed over the next 24 months across multiple sites in the states of Gujarat, Rajasthan and Madhya Pradesh. The 550 MW LoI is over and above the firm order of 200 MW received in the past, and takes IWL`s orderbook to > 3.5 GW. Powered by Capital Market - Live News