Free Shares Soon: Multibagger Energy Stock To Consider Bonus Share On April 25, Bags Order

Inox Wind Ltd shares witnessed sharp rally of 4.09% in trade today on BSE after the company bagged repeat order for 210 MW for its 3 MW WTGs from Hero Future Energies. The Board of Directors of Inox Wind will hold meeting on April 25, 2024 to consider the proposal of bonus share.

Inox Wind Ltd share offered stunning returns of 495% in last 1-year and the stock became a multibagger in last 6-months only with whopping return of 176%. Last trading price of Inox Wind share on BSE is Rs 592.80 per share. Inox Wind has a market capitalisation of Rs 19,322.23 crore. Details for bonus share and order win below:

Inox Wind To Consider Bonus Share: As per the regulatory filing of Inox Wind dated April 22, 2024, "a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 25th April, 2024, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the Company."

Inox Wind Secures New Order: The BSE filing of the company stated, "Inox Wind Limited (IWL), India's leading wind energy solutions provider, has bagged an order for the supply of 210 MW of Wind Turbine Generators (WTGs) from Hero Future Energies (HFE), one of the leading renewable energy players in India. The order is for IWL's state-ofthe-art 3 MW Wind Turbine Generators (WTGs), and the scope comprises of equipment supply with certain add-on services. Additionally, Inox Wind will also provide post commissioning multi-year operations & maintenance (O&M) services. The WTGs will be supplied to HFE from Q3 FY25 onwards and will be installed in South India."

Commenting on the occasion, Mr. Kailash Tarachandani, CEO of Inox Wind, said, "We are thrilled to announce a large repeat order of 210 MW from Hero Future Energies, a longstanding partner. This order reinforces the confidence on our 3MW WTGs, being one of the most efficient turbines in its class. The addition of this order further re-emphasizes our growth outlook."

Inox Wind Share Performance: The 52-week high price of Inox Wind Ltd shares on BSE is Rs 648.00 per share (as on 27/02/2024) and 52-week low price is Rs 97.08 per share (as on 21/04/2023), respectively. Inox Wind shares offered return of 36% in last 3-months, gave return of 423% in last 2-years, and surged 590% in last 3-years.
Inox Wind share has PE of -89 and EPS (TTM) of -0.21.

Inox Wind Financials: The company on February 9, 2024 declared its net profit at Rs 1.81 crore for the December 2023 quarter amid higher revenues. It witnessed a loss of Rs 287.86 crore for the October to December quarter an year ago, as per the BSE filing of the company. Its total income surged to Rs 506.88 crore in the quarter under review from Rs 237.68 crore reported in the similar quarter of last year. The company'S EBIDTA was announced at Rs 99.5 crore in the quarter as compared to the EBITDA loss of Rs 172.5 crore in the similar quarter of last year. Its orderbook stood at 2.6 GW.

About: Inox Wind Limited (IWL) is India's leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. IWL is a part of the US$ ~ 8 BN INOXGFL Group which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where Blades, Tubular Towers, as well as Hubs & Nacelles are manufactured, according to BSE filing of the company.

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