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The latest announcement is out from Inox Wind Ltd. ( (IN:INOXWIND) ).
Inox Wind Limited announced the sale of a stake worth approximately Rs 175 crores in its subsidiary, Inox Renewable Solutions Ltd., at a valuation of around Rs 7,400 crores. This strategic move follows the recent demerger and merger activities involving Inox Green and IRSL, which received approval from stock exchanges. The transaction is expected to enhance Inox Wind’s financial position and strengthen its market presence in the renewable energy sector, potentially benefiting stakeholders through improved operational efficiencies and expanded service offerings.
More about Inox Wind Ltd.
Inox Wind Limited (IWL) is a leading wind energy solutions provider in India, serving independent power producers (IPPs), utilities, public sector undertakings (PSUs), and corporate investors. It is part of the INOXGFL Group, which operates in chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh, producing blades, tubular towers, hubs, and nacelles. The company offers end-to-end wind energy solutions, including manufacturing, installation, commissioning, and operations & maintenance (O&M) of wind turbines.
Average Trading Volume: 472,450
Technical Sentiment Signal: Sell
Current Market Cap: 301.1B INR
Learn more about INOXWIND stock on TipRanks’ Stock Analysis page.