Inox Wind Ltd. News

More mid-caps join the party as momentum favour bulls.

Inox Wind shares rose 10.5% to Rs 157.25 on BSE after a Rs 900 crore infusion from its promoter on May 28, 2024, involving marquee investors. Now net debt-free with 284% share growth in a year. CEO Kailash Tarachandani envisions reduced interest expenses, strong order book, and a 2.5 GW capacity from four plants, subsidiary Inox Green Energy.

Inox Wind to achieve net debt free status with infusion of Rs. 900 Crore by promoter

Intimation regarding allotment of Non- Convertible, Non-Cumulative, Paticipating, Redeemble Preference Shares

Intimation regarding allotment of Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares

Intimation of closure of Trading Window

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets.

​Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.

Scrutinizer Report in respect of EGM

Proceeding of EGM and voting results

Intimation regarding incorporation of a wholly owned subsidiary

Inox Green Energy Services, which provides operation and maintenance (O&M) services to wind power operators, plans to raise Rs 800-1,000 crore through a combination of preferential allotment and warrant issuance to fund future acquisitions, according to multiple sources familiar with the matter.

According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24

Intimation regarding incorporation of wholly owned subsidiaries

18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.

Wind energy solutions provider Inox Wind Ltd on Tuesday said Crisil has upgraded the company's long-term and short-term ratings on its banking facilities.

CRISIL upgrades Inox Wind''s Credit Ratings

Revision of Credit Rating

Intimation regarding incorporation of wholly owned subsidiaries

Newspaper publication confirming dispatch of notice of 12th Extra-ordinary General Meeting to be held on 27th June, 2024

Intimation regarding allotment of Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares

Notice of 12th Extra-ordinary General Meeting of the Company

The market capitalisation of the BSE listed companies fell by Rs 30 lakh crore with 694 stocks hitting lower circuits and 292 crashing to 52-week lows on the BSE.

Summary of proceedings alongwith Scrutinizer''s Report of the meetings of the Debenture Holders, Secured Creditors and Unsecured Creditors of the Company convened on 2nd June, 2024 pursuant to the Order of NCLT in relation to Scheme of Arrangement

Details of voting results alongwith Scrutinizer''s Report

Summary of proceedings of the Meeting of the Equity Shareholders of the Company held on 1st June 2024

Schedule of Analyst/ Investor Meet

Press Release

Outcome of Board Meeting held on 31st May, 2024

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Inox Wind Energy Ltd

Annual Secretarial Compliance Report for the financial year ended 31st March, 2024

Nuvama, a domestic brokerage, initiated coverage on Inox Wind and Suzlon Energy with optimistic outlooks. It assigned a 'buy' rating and a target price of Rs 195 for Inox Wind, citing its position as one of the two key players in India's WTG and turnkey EPC market. Meanwhile, Suzlon Energy received a 'buy' rating with a target price of Rs 53, backed by its technological edge, high-margin services, and strong balance sheet.

Following the sale of a 5% stake by the promoter entity, shares of the high-performing stock Inox Wind experienced an 18% decline over the last two days, reaching the day's low of Rs 134 on the BSE on Wednesday.

Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.

The NSE Nifty index closed 44.3 points down at 22888.15

Inox Wind Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/05/2024 ,inter alia, to consider and approve raising funds by way of issuance of securities through preferential or on private placement basis

The NSE Nifty index was trading 43.55 points up at 22976.0

The NSE Nifty index was trading 43.6 points up at 22976.05

Inox Wind shares drop 10% on BSE to Rs 147.65 after a likely 5% stake sale by promoter entity IWEL via block deal. Company received 'A' rating from CARE Ratings for banking facilities. Inox Wind, subsidiary of Inox Group, provides wind energy services.

Intimation regarding allotment of Bonus Equity Shares