DEVANSH JAIN
Aiming to make renewable arm a $10 billion biz in next couple of years: Devansh Jain, InoxGFL Group
No offense to mobile phones or televisions, these are very high end complex products. You need to have the ability to stand for the next 20-25 years in terms of capability, in terms of developing projects, building projects.
Up to Rs 10 lakh relief in train accident: How a 45 paisa IRCTC travel insurance can be a huge help for your family in case of death or disability
IRCTC travel insurance: Do you know that IRCTC offers an optional travel insurance policy at just 45 paisa premium per passenger. This policy offers coverage up to Rs 10 lakh in cases of death and permanent disability. God forbid if you perish in a train accident, atleast your family will get the required financial assistance.
Inox Green Energy to raise upto Rs 1,000 crore through preferential allotment, warrants
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.
INOXGFL plans to invest Rs 20,000 cr in green energy, chemicals business
The group operates in two broader segments-chemicals and renewables-comprising fluoropolymers, fluorochemicals, solar, green hydrogen and wind energy. Of the total planned investment, 60-65% is likely to go towards renewable energy addition, Jain said.
Inox Wind shares zoom 9% after board approves 3:1 bonus issue
Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.
InoxGFL Group looks to invest over ₹10k crore in renewable energy push
Inox Renewables had assets of 260 MW across Rajasthan, Maharashtra, Madhya Pradesh, and Tamil Nadu. The Inox Group's renewable and chemical arms currently comprise three listed entities--Gujarat Fluorochemicals (GFL), Inox Wind Energy (IWEL), and Inox Wind (IWL). IWL provides end-to-end turnkey solutions. IWEL is the holding company of the wind business.
Inox Green now net debt free; Inox Wind should be a Rs 10K-crore plus top line company over next 3 years: Devansh Jain
Inox Wind, a wind energy company, aims to become net debt-free in the next 12 to 15 months, according to Devansh Jain, the company's Wholetime Director. The company recently announced the sale of a 50 MW operational SPV, which will contribute to reducing its debt. Jain also mentioned that the sector is experiencing a strong comeback, and Inox Wind has received important technical certifications, allowing it to secure orders in the near future.
We should be able to create significant value at INOX Green: Devansh Jain
Well that is on the IPP side of things and I do not think any of the IPPs barring possibly India’s largest IPP at this point in time have created any value. I mean I would not talk too much on renew and other companies but I think investors have lost a lot of money across most of these companies.
After paying off Rs 370-cr debt, Inox Green will have one SPV & turn debt-free after selling it: Devansh Jain
“There are two-pronged growth strategies for Inox Green; one is naturally the organic growth which will come in from all the new turbines which are set up at Inox Wind level and second is the inorganic growth opportunities in the unorganized sector. We are looking at a lot of these companies.”
Promoters to infuse Rs 800 cr into Inox Wind by subscribing debt
The board has approved fundraising of up to Rs 800 crore by issuing non-convertible non-cumulative participating redeemable preference shares (NCPRPS) of the face value of Rs 10 each, which constitutes 0.01 per cent of the fully paid-up capital on a private placement basis to the promoters.
Century-old Inox Group reaches settlement over division of business
Pavan Jain gets India's second-largest multiplex company, Inox Leisure, and Inox Air Products, as per the arrangement, while Vivek gets Gujarat Fluorochemicals, Inox Wind, and Inox Wind Energy. The two have realigned ownership interests in the century-old chemicals-to-celluloid business allotted to them, so that control of their respective portfolios flows to them.
Inox Group patriarch and sons reach settlement over division of businesses
As per the arrangement, Pavan Jain gets India's second-largest multiplex company, Inox Leisure, and Inox Air Products. His younger brother Vivek Jain gets speciality chemicals and green energy businesses such as Gujarat Fluorochemicals (GFL), Inox Wind (IWL), and Inox Wind Energy.
Wind power bidding at Rs 3.46/unit for 1000MW: Devansh Jain, Director, Inox Wind
We had five bidders at that price, four were awarded 250 megawatts and the fifth bidder was awarded approximately 50 megawatts and because there is a minimum criteria which they need to award.
As a group we are 80 years old, but as a industry we are about 40 years old: Devansh Jain
After Inox Leisure, we are known as the Inox Group, so we decided to leverage the 7-8 million footfall we get in our movie halls across India.
Is your rally more important than my school? School boy writes to PM Modi
"If you do so then I will tell with vigour that in the meetings of my Modi uncle, crowd comes on its own and it is not managed," the letter said.
Offshore wind energy projects a long way from being competitive with onshore: Devansh Jain, Inox Wind
'It is something which requires four to five years of assessment before you can honestly deploy offshore in a significant way.'
We enjoy significant presence in our markets: Devansh Jain, Director, Inox Winds
"Investing in renewable energy makes sense because renewable energy qualifies towards CSR obligations," says Devansh Jain.
Inox Wind public issue to fetch over Rs 1,000 crore
Power equipment maker Inox Wind will hit capital market on March 18 with a public offer which is likely to fetch over Rs 1,000 crore.
Narendra Kumar, a former BCCL director, chairman of Wearit Group, passes away
Narendra Kumar breathed his last in Kolkata on Saturday. He was 81 and is survived by wife, son Manish who is the managing director of Wearit and daughters Neerja and Nandita.
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