Inox Wind shares surge 15% on ₹900 cr fund infusion
The wind energy solutions provider has achieved “net debt free status” with this capital infusion by its promoter, Inox Wind Energy.
The wind energy solutions provider has achieved “net debt free status” with this capital infusion by its promoter, Inox Wind Energy.
The Viability Gap Funding (VGF) scheme has a total outlay of ₹7,453 crore.
Suzlon Energy has secured a new order to develop a 100.8 MW wind power project for a leading global utility company.
Shares of Suzlon Energy surged on Friday after the company secured an order for its 3 MW series turbines from Juniper Green Energy.
Dilip Shanghvi family and associate companies terminated shareholders' agreement with Suzlon, which was signed in February 2020.
Sequentially, the consolidated net profit dropped 36.3% and total revenue fell 19.5% during the quarter under review.
India's wind sector, going through a rough patch, is set for a rebound as the Centre tweaks auction policy, plans offshore wind projects and focuses on replacing old mills.
The smallcap stock has risen 385% in the last one year, from its 52-week low of ₹442.95 on June 23, 2022, to an all-time high of ₹2,150 intraday today.
The U.S. is leading the green spending charge with its Inflation Reduction Act, says Credit Suisse in a report.
When it comes to using renewable energy, Rajasthan and Gujarat are at the forefront, followed by Tamil Nadu, Karnataka, and Maharashtra.