Introduction:
Green energy stock announces a major solar manufacturing foray with Inox Solar, targeting 5 GW module and 2.5 GW cell capacity by 2026, strengthening its position in India’s renewable energy ecosystem through significant investments and infrastructure integration.
Share Price movement of Inox Wind:
On December 11, 2024, Inox Wind Ltd (NSE: INOXWIND) stock opened at ₹208.10, peaked at ₹211.20, and dropped to ₹204.40, closing at ₹205.38. The stock declined by 1.35%, with a market capitalization of ₹26,777.32 crore.
Inox Wind announces mega foray:
INOXGFL Group has announced its foray into solar manufacturing through Inox Solar, aiming for an initial capacity of 5 GW solar modules and 2.5 GW solar cell manufacturing by 2026. The group plans a ₹1,500 crore investment, with the first 1.2 GW manufacturing unit in Gujarat expected to commence by March 2025.
The initiative integrates with Inox Renewable Solutions for EPC services and Inox Green Energy Services for post-commissioning operations. This approach will capitalize on existing infrastructure, providing hybrid renewable energy solutions and unlocking large-scale revenue opportunities within the renewable energy market.
INOXGFL’s move strengthens its presence across the renewable energy ecosystem, combining wind, solar, EV, energy storage, and green services. With over 5 GW power evacuation infrastructure and IGREL Renewables’ 3 GW hybrid RE capacity, the group establishes itself as a key player in India’s energy transition.
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Recent news About Inox Wind:
On October 29, 2024, Inox Wind secured significant projects, including a ₹150 crore turnkey execution for an edge data center in NCR and design consultancy for 105 MW IT loads across Mumbai and Chennai, strengthening its renewable energy infrastructure offerings.
Stock performance of Inox Wind for Period of 1 week, 6 months and 1 year:
Inox Wind has demonstrated strong stock performance over various periods. Over the past week, the stock gained 1.86%, marking steady momentum. In six months, it recorded a robust increase of 43.2%, while the one-year return surged significantly by 108%.
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Shareholding pattern of Inox Wind:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 48.27 | 48.27 | 52.87 |
| FII | 15.82 | 13.37 | 9.47 |
| DII | 9.26 | 9.88 | 10.27 |
| Retail & others | 26.66 | 28.49 | 27.38 |
About Inox Wind:
Inox Wind is a leading provider of wind energy solutions, specializing in manufacturing wind turbine generators, erecting and commissioning wind power projects, and offering comprehensive maintenance services. The company contributes to India’s renewable energy growth with innovative and sustainable technologies.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
