19-Aug-2025      14:37

Inox Wind rises after divesting 3.06% stake in EPC subsidiary for Rs 175 crore

Consequent to the said transfer, the company's shareholding in IRSL shall reduce from 91.90% to 88.84%.

Inox Renewable Solutions, formerly known as Resco Global Wind Services, had recorded revenue of Rs 217.98 crore and it contributed 6% in consolidated revenue of Inox Wind in FY 2024-25.

IRSL's networth was Rs 935 crore and it contributed 14% in consolidated net worth of IWL in FY 2024-25.

Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2.5 GW per annum.

The company's consolidated net profit surged 301.53% to Rs 186.87 crore on 141.57% jump in revenue from operations to Rs 1274.82 crore in Q1 FY26 over Q1 FY25.

Inox Wind Limited (IWL) is India's leading wind energy solutions provider servicing IPPs, utilities, PSUs & corporate investors. IWL is a fully integrated player in the wind energy market with four manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where blades, tubular towers, as well as hubs & nacelles are manufactured.

Powered by Capital Market - Live News

News source: Capital Market - Live News