A green energy stock saw a modest rise on November 12, reaching ₹205.55 on the BSE after securing an 87 MW repeat turnkey order. This project includes installations across Gujarat and Rajasthan, along with long-term operations and maintenance services.
Share Price movement of Inox Wind:
Inox Wind’s share price showed marginal movement on November 12, trading up by 0.42% at ₹205.55 in early hours on the BSE. This slight uptick followed the announcement of a new 87 MW turnkey order from Continuum Green Energy. Over the past year, Inox Wind’s stock has demonstrated volatility, often responding to order wins and sector growth trends in renewable energy.
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Inox Wind share price gain:
Inox Wind saw a slight rise in its share price on November 12 after securing a repeat turnkey order of 87 MW from Continuum Green Energy for 3 MW-class wind turbine generators. The stock increased to ₹205.55 on the BSE, up by ₹0.85 or 0.42% during early trading.
This order will be implemented on a comprehensive turnkey basis across Gujarat and Rajasthan, with Inox Wind also providing long-term operations and maintenance (O&M) services post-commissioning. This repeat order from Continuum Green Energy highlights ongoing demand for Inox Wind’s solutions and services in the renewable energy sector.
The addition brings Continuum’s cumulative orders with Inox Wind to approximately 700 MW and boosts Inox Wind’s order book to a record high of over 3.4 GW. Recently, the company reported a 161% increase in net profit, reaching ₹25.67 crore in Q2 of FY25, up from ₹9.84 crore in the previous year.
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Recent news About Inox Wind Energy:
On 12 November, Inox Wind secured an 87 MW wind energy project order from Continuum Green Energy, a prominent player in commercial and industrial renewable energy. This repeat order involves Inox Wind’s 3 MW wind turbines and will be executed on a comprehensive turnkey basis.
Ace investor holding of Inox Wind Energy:
Ace investor Ashish Kacholia has invested ₹40 crore in Inox Green Energy Services as part of its ₹1,050-crore fundraising initiative. According to the company’s exchange filing, he will receive over 14.49 lakh equity shares and 13.79 lakh convertible warrants, each worth ₹20 crore.
Stock performance of Inox Wind Energy for Period of 1 week, 6 months and 1 year:
Inox Wind’s stock has faced challenging returns, with a significant 248% decline over the past year. Over the last six months, the stock dropped by 65.8%, while in the past week alone, it fell by 3.75%, reflecting continued volatility.
Shareholding pattern of Inox Wind Energy:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 69.51 | 69.51 | 69.51 |
| FII | 3.53 | 3.13 | 2.64 |
| DII | 1.02 | 0.77 | 0.88 |
| Retail & others | 25.95 | 26.59 | 26.96 |
About Inox Wind’s stock Company:
Inox Wind, a prominent renewable energy company, specialises in manufacturing and supplying wind turbine generators and offers turnkey solutions for wind power projects. Known for its focus on sustainable energy, the company provides project development, operations, and maintenance services across various regions in India.
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.
