3,200-MW order book: Suzlon’s peer company to finalise Rs 1,250 crore rights issue details on July 23 board meeting!

DSIJ Intelligence-1 / 20 Jul 2025/ Categories: Multibaggers, Trending

3,200-MW order book: Suzlon’s peer company to finalise Rs 1,250 crore rights issue details on July 23 board meeting!

The stock gave multibagger returns of 255 per cent in just 2 years and a whopping 1,740 per cent in 5 years.

On Friday, Suzlon peer company’s shares plunged 1.65 per cent to Rs 164.40 per share with an intraday high of Rs 167.95 per share and an intraday low of Rs 163.85 per share from its previous closing of Rs 167.15 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).

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Inox Wind Limited's Board of Directors has given its approval to raise up to Rs 1,250 crore through a rights issue of equity shares, each with a face value of Rs 10. This fundraising initiative is subject to securing all requisite statutory and regulatory approvals, including those mandated by the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. The company has announced that a Board meeting is scheduled for Wednesday, July 23, 2025, to finalise crucial details of the rights issue, such as the record date, issue price, rights entitlement ratio, and other pertinent terms.

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 255 per cent in just 2 years and a whopping 1,740 per cent in 5 years.

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