Inox Wind (IWL) has bagged a 60 MW order from Serentica Renewables (Serentica), a leading C&I focused renewable energy company in India. This order is for the supply of 3 MW class turbines to be delivered within H1 CY25. Additionally, IWL will provide multi-year post commissioning operations & maintenance (O&M) services for these WTGs, which will be erected at the hybrid renewable energy project site being developed by Serentica in Karnataka. The power generated from this project will be supplied to Serentica`s partners, including the Vedanta Group. This milestone order for IWL opens up large future opportunities to partner with another marquee C&I customer. In its quest to decarbonize energy intensive industries through green power, Serentica has ambitious plans to massively scale up its RE capacities. Powered by Capital Market - Live News

INOXGFL Group announced its foray into solar manufacturing through Inox Solar, a privately held entity by the promoters. Aiming to be one of the fastest growing solar platforms in the country, Inox Solar is targeting an initial capacity of 5 GW of solar modules and 2.5 GW of solar cell manufacturing capacity by 2026, at an outlined capex of Rs 1,500 crore. The company will also provide turnkey EPC solutions, including land acquisition & power evacuation, through its group company Inox Renewable Solutions (earlier known as Resco Global Wind Services). Additionally, it will offer post commissioning O&M services through another group company Inox Green Energy Services. Inox Solar`s first solar module manufacturing unit with initial capacity of 1.2 GW in Gujarat is expected to be operational by March 2025. The facility will manufacture TopCon modules. Speaking on the momentous occasion, Devansh Jain, Executive Director of INOXGFL Group, said With Inox Solar, we proudly mark a new chapter in INOXGFL Group`s journey, advancing India`s renewable energy aspirations. This foray into solar energy complements our existing strengths, making us a fully integrated player in the energy transition ecosystem. Our vision is to deliver comprehensive renewable solutions, supported by world-class manufacturing capabilities and turnkey services. By targeting 5 GW of solar module and 2.5 GW solar cell capacity by 2026, we aim to drive energy independence and empower our stakeholders. Together, we are not just contributing to greening India but also redefining the benchmarks of excellence in the renewable sector.Powered by Capital Market - Live News

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