Market Performance
On March 7, 2025, Inox Wind Ltd share price recorded a 2% increase, reaching ₹159 during morning trade. This movement follows the company's announcement regarding a new order for a wind energy project in Tamil Nadu. Over the past three months, Inox Wind shares have declined by 25%, reflecting recent fluctuations in its market performance.
Main News
Inox Wind Ltd has announced the acquisition of a 153 MW order from a renewable energy developer affiliated with an extensive global clean energy group.
IWL is responsible for delivering its 3 MW class turbines as part of this project. Once the commissioning process is completed, the company will manage operations and maintenance (O&M) services.
The agreement's scope also includes an EPC (Engineering, Procurement, and Construction) component with limited responsibilities.
Company Details
Financial Performance (Q3 FY25):
- Revenue: ₹994 crore (compared to ₹507 crore in the same quarter of the previous year)
- Net Profit (Profit After Tax): ₹239 crore (up from ₹33 crore year-on-year)
Order Book:
As of the end of the third quarter of FY25, Inox Wind reported an order book of 3,286 MW, representing a 28% increase from 2,575 MW in the same period the previous year.
According to company statements, the organization continues its focus on project execution and expanding its customer base, which is aligned with developments in India's renewable energy sector.
Summary
Inox Wind Ltd has secured a 153 MW wind energy project in Tamil Nadu, involving the supply of 3 MW class turbines and ongoing operations and maintenance. The company has experienced notable improvements in its financial performance during Q3 FY25, marked by substantial revenue and net profit growth. Furthermore, its expanding order book reflects continued activity within the renewable energy sector.
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