Inox wind order book

Inox wind on road to insolvency after nclt clears process. Wind turbine maker inox wind today said it has bagged a 250 mw project in the seciii auction. Inox wind limited manufactures wind turbine generators, or wtgs, and provides services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and long term operations and. Ipos such as these dampen the mood of retail investors. Due to the lower intensity of competition and with our new 3. Is now the correct time to buy inox wind shares, as the. It managed to increase its market share to 11% from 6% in 2018. Wind energy solutions provider inox wind iwl is challenging the national company law tribunals chandigarh bench order on insolvency, claiming it is solvent and in excellent financial health. As with siemens gamesa, inox was also able to win orders from power producers that had earlier placed orders with senvion. Alternative sources of energies such as solar and wind are. Inox wind challenges national company law tribunals order.

However, this is not the real reason to keep away from the share. We have begun fy19 in full earnest and look forward to the year being a turnaround year for the indian wind sector, commented ceo kailash tarachandani. This project we understand is going to be a part of inox wind power of 400. Doubling of marketshare, capacity make inox wind stock. Inox wind ltd inox wind looks to close fy19 in the green. Wind turbine maker inox wind posted a net profit of rs 2 crore for the quarter ended september 30, 2018. Incorporated on april 9, 2009 and is based in noida, india. Headquartered in noida, india, the company is a subsidiary of gujarat fluorochemicals limited. All the future projects all the future project execution at dayapar, gujarat has. It recently bagged a rs 900 crore order for 170 mw wind power project at madhya pradesh with its newly launched 2mw wind turbines. Inox wind posts net profit of inr 2 crore in july to sept. Inox wind reports rs 55cr net loss on dip in revenues.

Wind power solutions provider inox wind today reported a. We have an ebitda profit of rs 53 crore as compared to an ebitda loss of rs 20 crore and have a patprofit after tax profit of rs 2 crore in july september as compared to a pat loss of rs 46 crore in the corresponding similar period, a company statement said. Inox has a capacity of 800 mw for hub and 600 mw for turbines. Mr devansh jain, director, inox wind tells et now the company has already rebuilt one of indias largest order book in the sector, and the focus is solely on execution and bringing back sales. We see the wind industry to be in the last phase of transition to a complete auctionbased regime, inox wind executive director devansh jain said. A strong current order book of 1,200 megawatts mw and investor confidence place inox wind, and devansh, in a sweet spot. Inox wind shares have tumbled over 19% supposedly on the back of a 36% slide in q4 net profits. Inox wind has bagged two orders for a cumulative capacity of 100 mw from one of indias leading renewable energy independent power producers. Inox wind eyes large share of upcoming wind power projects. It will supply its 2mw turbines for the wind park and will be in charge of development, construction, commissioning and longterm operations and maintenance. Inox wind posts net profit of inr 2 crore in july to sept quarter economic times reported that wind turbine maker inox wind posted a net profit of. Inox winds financials have been under pressure as 201617 revenue declined 23% yearonyear to rs 3,415 crore. The rating assigned to the bank facilities of inox wind limited iwl continues to take into account healthy order book position, presence of the resourceful promoter group, viz, inox group and experienced management, satisfactory market.

Commenting on the wind power market, inox wind said it anticipates fiscal 201819 to be a strong turnaround year as the sector has strong visibility on order flow. Inox wind ltd has bagged two orders for a cumulative capacity of 100 mw from one of the leading renewable energy independent power producers of the country. During the last quarter, inox wind won orders of 350 mw from seci3 200mw, seci4 100mw and maharashtra state auction 50mw, which has taken the companys total order book to. T he company came out with an ipo on march 18 2015 offering 3,19,18,226 equity shares of rs. Inox wind shares tanked over 19 per cent on monday after the companys consolidated net profit declined 36 per cent to rs 127. Inox wind ltd is a subsidiary of gujarat fluoro chemicals limited. Since their introduction in the indian market, more than 2,000 mw of inoxs 2 mw wtg platform in multiple variants have been supplied across various sites in the country. Inox wind bags orders for 40mw projects from gujarats.

Inox wind moves ahead with support from govts renewable. Strong order book inox wind bagged orders from all the central wind power auctions conducted by the solar energy corporation of india seci during fy2018 under the auction regime. Et had exclusively reported on saturday that nclt passed an order on july 5, clearing way for the insolvency of the company after an operational creditor jeena and co moved a petition for. Inox wind ltd, one of indias largest wind power equipment makers, has won an order to supply wind turbine generators to a unit of adani group for. Inox wind is strongly placed in this auction regime with a sector leading order book of 950 mw. Its customer base includes companies such as tata power, continuum wind, clean wind power hero group and renew power. Inox wind expressed confidence of expanding its auction order book as the government plans 10 gw of wind power auctions in each of the fiscal years 201819 and 201920. Devansh jain, director, inox wind tells et now the company has already rebuilt one of indias largest order book in the sector, and the focus is solely on execution and bringing back sales. It also bagged 50mw in the maharashtra state auction, which has enhanced its auctionbased order book to a sectorleading 950mw in the indian. Get the latest inox wind stock price and detailed information including news, historical charts and realtime prices. Inox wind posts net profit at 2 cr in julsept quarter. Inox wind eyes large share of upcoming wind power projects 20171006 20171006 sanjay kumar inox wind limited, which manufacturers wind turbines and constructs wind power farms, said it intends to put up a 250 mw wind farm in kutch in gujarat in the next 12 months and will continue to bid aggressively in upcoming auctions. Inox wind, which manufactures wind turbine generators and provides turnkey solutions for wind farm projects, had an order book of 1,258 mw as of december 31, 2014. The gradual selling pressure is obvious to traders like me.

This is in addition to the 300mw won earlier in the secii auction wins 25% market share in the mw seciii auction beating competition from various wtg manufacturers and independent power producers ipp inox wind was the only wtg manufacturer to win in the auction auction based order book. It is in advanced stages of discussions for additional orders of over 600 mw, which, if fruitful, would add to its order book in the coming quarters. Inox wind gets 250 mw project in gujarat daily excelsior. Inox wind bags 100 mw order from renewable energy ipp. Inox wind said that its conventional order book has lost relevance due to the change in policy. Inox wind looks to close fy19 in green steelguru india. The order has further boosted inoxs strong order book with major corporate clients in india, kailash tarachandani, chief executive officer of inox wind limited said. Inox wind public issue to fetch over rs 1,000 crore. Inox wind limited manufactures and sells wind turbine generators and components in india. This has taken its total order book position to 700 mw. The price action plainly shows that the ipo had been severely overvalued. It said that it is strongly placed on back of our connectivity backed order book and intends to execute its order book over the course of. Inox wind has won 250mw in the seciii auction at a fixed price of rs2. The new auctioning model for the wind sector is still workinprogress, considering that the government has had to postpone its second round of.

Since madhya pradesh accounts for 24% of inoxs order book, the reduction of feedin tariffs compensation for wind power producers in the state could have led to order book contraction. As such, inoxs strong growth is likely to continue, supported by a robust order book of 1. Over the quarter, inox wind has also readied itself and is on the cusp of launching its next generation multi megawatt wind turbines platform to further reduce levelized cost of electricity lcoe. Devansh jain the company is in active discussion across the board with ipps, utilities, and expect. The order involves supply and installation of 25 units of inox winds market leading 100 meter rotor dia wind turbine generator. The main problem with this company is the fundamental change in its bu. It has a robust order book of 1,220 mw as on june 2015, with turnkey projects contributing 60. It is typical in industry for the turnkey project, all the order go between rs 66. Inox wind posts net profit at 2 cr in julsept quarter pti nov 5, 2018, 19. Inox plans indias largest wind turbine amid supply.