3,200-MW order book: Suzlon peer company to meet on July 17 for Fund Raising through rights issue and/or any other permissible mode!

On Tuesday, Suzlon's peer company’s shares gained 0.51 per cent to an intraday high of Rs 177.25 per share from its previous closing of Rs 176.35 per share. The stock’s 52-week high is Rs 262.10 per share and its 52-week low is Rs 130.20 per share.

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).

Inox Wind Limited is scheduled to hold a meeting on Thursday, July 15, 2025 to consider inter-alia the proposal of fund raising by way of issue of equity shares or other securities of the company through a rights issue and/or any other permissible mode, as may be permitted under applicable law, subject to such regulatory/ statutory approvals as may be required.

In its Quarterly Results (Q4FY25), the company reported net sales of Rs 1,275 crore and net profit of Rs 190 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 20,000 crore with a 3-year stock price CAGR of 115 per cent. The company’s order book is Rs 3,200 MW as of March 31, 2025. The stock gave multibagger returns of 260 per cent in just 2 years and a whopping 1,775 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.