3108-MW order book: Wind energy company sells stake worth Rs 175 crore in Inox Renewable Solutions at a valuation of Rs 7,400 crore
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 210 per cent in just 2 years and a whopping 1,300 per cent in 5 years.
Inox Wind Limited (IWL), a leading Indian wind energy solutions provider, announced on August 19, 2025, that it has divested a stake worth approximately Rs 175 crore in its EPC (Engineering, Procurement, and Construction) subsidiary, Inox Renewable Solutions Ltd. (IRSL). This transaction values IRSL at approximately Rs 7,400 crores. The sale involved 49,57,142 equity shares of IRSL, with agreements finalised on August 18, 2025.
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Following this divestment, Inox Wind Limited's shareholding in IRSL will decrease from 91.90 per cent to 88.84 per cent. This move comes after IRSL, formerly known as Resco Global Wind Services Pvt Ltd, recently received "no objection" from stock exchanges for the demerger of the substation business from Inox Green and its subsequent merger into IRSL. The expected completion of this sale is within the next seven days.
In the last financial year (FY 2024-25), Inox Renewable Solutions Limited contributed Rs 217.98 crore to the company's revenue, representing 6 per cent of the consolidated revenue. Furthermore, IRSL's net worth was Rs 935 crore, contributing 14 per cent to the consolidated net worth of Inox Wind Limited.
About the Company
As a key peer to Suzlon in the Indian wind energy sector, Inox Wind Limited, a subsidiary of the INOX Group, is a fully integrated wind energy solutions provider. The company manufactures Wind Turbine Generators (WTGs) and essential components like nacelles, hubs, and rotor blade sets. Beyond manufacturing, Inox Wind delivers comprehensive, end-to-end solutions, including wind resource assessment, site acquisition, infrastructure development, and operations and maintenance (O&M) for wind power projects. Their diverse clientele includes major players like Tata Power, Adani, NTPC and Oil India Ltd, servicing Independent Power Producers (IPPs), Utilities and Public Sector Undertakings (PSUs).
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In its Quarterly Results (Q1FY26), the company reported net sales of Rs 826 crore and net profit of Rs 97 crore while in its annual results (FY25), the company reported net sales of Rs 3,557 crore and net profit of Rs 438 crore. The company has a market cap of over Rs 25,000 crore with a 3-year stock price CAGR of 105 per cent. The company’s order book is Rs 3,108 MW as of June 30, 2025. The stock gave multibagger returns of 210 per cent in just 2 years and a whopping 1,300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.