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 more than 3.5 GW. Kailash Tarachandani, Group CEO, Inox Wind, said, This is yet another milestone for Inox Wind and puts our company on a firm footing to achieve our 2 GW annual execution vision, which we aim to accomplish in FY27 with our large orderbook. With robust sectoral tailwinds and IWL's strong positioning having all the levers in place, we are primed to capitalize on the large opportunity in the sector over the next decade.' Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. The company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024. The scrip shed 0.27% to currently trade at Rs 244.10 on the BSE. Powered by Capital Market - Live

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 3.5 GW. Powered by Capital Market - Live

Inox Wind announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Resco Global Wind Services is amongst the top 2 wind EPC service providers in India with a strong operational track record of more than 14 years. The company offers end-to-end services for wind projects right from conceptualization stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on plug-and-play basis. The investors that have invested in Global Wind Services are Valrado Venture Partners Fund II, Anchorage Capital Scheme I (A Scheme of Anchorage Fund), JM Financials Products, Founders Collective Fund, One Up Financial Consultants, Authum Investments & Infrastructure and Capri Global Holdings. The funds will be utilized to scale up the business offerings and capitalize on the large-scale opportunities in the Indian wind sector. Expanding offerings under EPC, the company is venturing into crane services and unlocking new revenue streams through hybridization of its power evacuation assets. The latest renewable energy policies of multiple states allow hybridization of existing as well as future transmission assets, providing incremental revenues to asset owners including Resco Global. Inox Wind's large and well diversified orderbook of 3 GW, with a healthy order inflow pipeline, provides strong revenue visibility for Resco Global. Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. The company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

Resco Global Wind Services, an EPC Projects subsidiary of Inox Wind, announced today that it has completed Rs 350 crore equity raise from marquee investors and issued securities in lieu of the funds raised. Key investors who participated in this equity raise included: Name of the Investors: Valrado Venture Partners Fund II Anchorage Capital Scheme I - (A Scheme of Anchorage Fund) JM Financials Products Founders Collective Fund One Up Financial Consultants Authum Investments & Infrastructure  Capri Global HoldingsPowered by Capital Market - Live

Inox Wind announced today that the board of its subsidiary, Resco Global Wind Services (Resco Global), an EPC Projects company, has approved Rs 350 crore equity raise from marquee investors for a single digit stake. The funds will be utilized to scale up the business offerings and capitalize on the large-scale opportunities in the Indian wind sector. Resco Global is amongst the top 2 wind EPC service providers in India with a strong operational track record of 14 years. The company offers end-to-end services for wind projects right from conceptualization stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on plug-and-play basis. Resco Global provides its services across India with a very strong presence in Western India. It is developing common infrastructure on multi-gigawatt scale at sites across the country, to be utilized for future renewable projects. Expanding offerings under EPC, the company is venturing into crane services and unlocking new revenue streams through hybridization of its power evacuation assets. The latest renewable energy policies of multiple states allow hybridization of existing as well as future transmission assets, providing incremental revenues to asset owners including Resco Global. Inox Wind's large and well diversified orderbook of ~ 3 GW, with a healthy order inflow pipeline, provides strong revenue visibility for Resco Global. Powered by Capital Market - Live

This is an equipment supply order for IWL's latest 3 MW wind turbine generators (WTGs). Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the state of Tamil Nadu. Everrenew Energy is India's fast-growing renewable energy company, which provides a one-stop project management solution for wind, solar and hybrid projects with asset management. Their service includes Wind Resource assessment, Solar assessment, Site identification, permit & approval, land acquisition and development, civil, procurement & logistics, commissioning, and asset management. Kailash Tarachandani, CEO of Inox Wind, said, We are pleased to receive a 51MW order from Everrenew, an esteemed customer with whom we aim to build a mutually fruitful partnership going ahead. We are glad to witness the strong preference for our turbines and services by project developers and we continue to make our contribution as India surges ahead to achieve its renewable capacity targets. Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. The company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

Inox Wind has bagged an order for 51 MW from Everrenew Energy, a leading C&I player. This is an equipment supply order for IWL's latest 3 MW Wind Turbine Generators (WTGs). Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the state of Tamil Nadu. Powered by Capital Market - Live

Net profit of Inox Wind reported to Rs 51.82 crore in the quarter ended June 2024 as against net loss of Rs 63.92 crore during the previous quarter ended June 2023. Sales rose 83.18% to Rs 638.81 crore in the quarter ended June 2024 as against Rs 348.73 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales638.81348.73 83 OPM %21.308.98 - PBDT89.61-34.72 LP PBT48.01-63.49 LP NP51.82-63.92 LP Powered by Capital Market - Live

Net profit of Inox Wind reported to Rs 70.19 crore in the quarter ended June 2024 as against net loss of Rs 67.36 crore during the previous quarter ended June 2023. Sales rose 110.41% to Rs 607.29 crore in the quarter ended June 2024 as against Rs 288.62 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales607.29288.62 110 OPM %16.21-0.45 - PBDT81.99-39.00 LP PBT70.19-49.36 LP NP70.19-67.36 LP Powered by Capital Market - Live