New Delhi [India], Inox Wind Limited, known for manufacturing wind turbines, has incorporated four wholly owned subsidiaries to expand its capabilities to develop wind farms across the country, the company said on June 8. Told in the filing.
The company said the subsidiaries "have been set up as special purpose vehicle (SPV) companies to develop wind farms in various parts of India."
Junachay Wind Energy Pvt Ltd, Dharavi Kalan Wind Energy Pvt Ltd, Dangri Wind Energy Pvt Ltd and Kadodiya Wind Energy Pvt Ltd are the companies added to its list.
The company informed us that all four companies incorporated in the country have paid up capital of Rs 1,00,000 and will commence their business operations. All entities fall within the wind energy industry.The Noida-based company is a subsidiary of INOX Group. It produces wind turbine generators (WTG) and provides services such as wind resource assessment, site acquisition, infrastructure development, construction and commissioning, long-term operation and maintenance for wind power projects. It was ranked 167th in Business Today's 2015 list of India's 500 Most Valuable Companies.
Last month, the company reported a rise in its income and announced a consolidated profit of Rs 36.72 crore for the March quarter of the current year.
According to the company's filing, it had incurred a net loss of Rs 119.04 crore in the January-March quarter of the last financial year.“Q4 has been a milestone quarter for the company as we successfully transitioned from 2 MW WTG to 3 MW WTG supply. Our EBITDA run rate in Q4 positions us strongly for FY25. Our debt levels also remain robust The decline and we expect to be net debt-free within H1FY20 are reflected in the strong order book, which stands at ~2.7 GW today, coupled with the acceleration of operations and our large order book. This includes strengthening our balance sheet which will translate into higher order execution from FY25 onwards, resulting in strong growth in profitability,” said Kailash Tarachandani, CEO of Inox Wind, commenting on the fourth quarter results. Was.The company's total income for fiscal year 2024 increased to Rs 563.03 crore from Rs 193.83 crore a year ago.
Inox Wind Ltd won the single largest wind project order of 1,500 MW from power utility CESC Ltd during the quarter. The company also signed an agreement to launch 4.X MW of wind turbines in India.
The company said the subsidiaries "have been set up as special purpose vehicle (SPV) companies to develop wind farms in various parts of India."
Junachay Wind Energy Pvt Ltd, Dharavi Kalan Wind Energy Pvt Ltd, Dangri Wind Energy Pvt Ltd and Kadodiya Wind Energy Pvt Ltd are the companies added to its list.
The company informed us that all four companies incorporated in the country have paid up capital of Rs 1,00,000 and will commence their business operations. All entities fall within the wind energy industry.The Noida-based company is a subsidiary of INOX Group. It produces wind turbine generators (WTG) and provides services such as wind resource assessment, site acquisition, infrastructure development, construction and commissioning, long-term operation and maintenance for wind power projects. It was ranked 167th in Business Today's 2015 list of India's 500 Most Valuable Companies.
Last month, the company reported a rise in its income and announced a consolidated profit of Rs 36.72 crore for the March quarter of the current year.
According to the company's filing, it had incurred a net loss of Rs 119.04 crore in the January-March quarter of the last financial year.“Q4 has been a milestone quarter for the company as we successfully transitioned from 2 MW WTG to 3 MW WTG supply. Our EBITDA run rate in Q4 positions us strongly for FY25. Our debt levels also remain robust The decline and we expect to be net debt-free within H1FY20 are reflected in the strong order book, which stands at ~2.7 GW today, coupled with the acceleration of operations and our large order book. This includes strengthening our balance sheet which will translate into higher order execution from FY25 onwards, resulting in strong growth in profitability,” said Kailash Tarachandani, CEO of Inox Wind, commenting on the fourth quarter results. Was.The company's total income for fiscal year 2024 increased to Rs 563.03 crore from Rs 193.83 crore a year ago.
Inox Wind Ltd won the single largest wind project order of 1,500 MW from power utility CESC Ltd during the quarter. The company also signed an agreement to launch 4.X MW of wind turbines in India.
