The company's order book as of 30 June 2020 stands at 1374.7 MW, which translates into revenues of about Rs 8000 crore over the next 24 months. Renew Power placed an order … Digital Editor. Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon. Team Business Standard, Last Updated at November 4, 2019 10:55 IST, WPI inflation down at 1 pc in Mar on lower food prices, Organisations are using Advantage Club app to keep their employees safe from COVID-19, Tata AIA becomes the first Life Insurance company to announce Additional Benefits Related to COVID-19, Hindalco Novelis completes acquisition of Aleris, deal closed at $2.8 billion, CIE@IIITH and Pernod Ricard India Foundation incubator seeks innovation on COVID-19, from women entrepreneurs, JSPL bags export order to supply 12,000 tonnes of rail blooms to France, Paras Hospital Gurugram extends video-conferencing consultation, forms medical committee to deal with COVID-19, L & T Construction's rapid transit system to connect Delhi and Uttar Pradesh, Connecting heartfully in a time of social distancing: A LIFEcast by Daaji, SMS India and Fiinovation partner for COVID-19 relief project in Odisha, Inox Wind signs additional deal for SECI 50 MW capacity with Adani, Inox Wind signs deal for SECI 50 MW wind power project with Adani Green Energy, Govt amends bidding guidelines for wind power projects, RRB Energy to set up Rs 130-cr facility for higher capacity wind mills, Inox Wind commissions common power evacuation facilities in Gujarat, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). This win enhances our auction based order book to 550MW. We aim to continue on our stated business strategy to participate in wind power auctions to win confirmed order book and then down sell the order win to Independent Power Producers (IPPs) since it is not our intention to become wind power asset owners. Books; Blogs; Specials ... 1,700 MW of wind power generation capacity was added in 2017-2018 and just 1,520 MW of capacity was added in 2018-2019. Inox wind would be developing the SECI-II project in the Kutch region in the state of Gujarat.
Want to publish a press release on CleanTechnica? The company resumed operations post announcement of Unlock 1 in June 2020, when manpower and raw material availability started improving. Tags: Adani Green Energy, India, india wind energy, Inox Wind, SECI, Solar Energy Corporation of India. Leading wind energy solutions provider Inox Wind said on Monday it has bagged an order for a 38 megawatt wind power project to be developed at Anjar town in Kutch district of Gujarat. It has manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a total capacity of 1,600 MW per annum. Inox Wind Limited, one of India’s leading wind energy solution providers, has won 250MW in the SECI-II auction representing a 25% market share. We believe in free, fair and credible journalism. Save my name, email, and website in this browser for the next time I comment. (adsbygoogle = window.adsbygoogle || []).push({}); Appreciate CleanTechnica’s originality? The company received a tax rebate of Rs 37.05 crore in Q1 June 2020 as against a tax rebate of Rs 8 crore in Q1 June 2019. We, however, have a request. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Kindly visit the Manage my subscription page to discover the benefits of this programme. Tip: Try a valid symbol or a specific company name for relevant results, Rakesh Jhunjhunwala on sectoral trends: "I see huge opportunities in Hotels & Infrastructure", How He Made $2.8M Trading Stocks Part-Time At Home, High-interest paying schemes for Senior Citizens, These are India’s most responsible companies in terms of sustainability and CSR, The Man Who Bought Amazon at $48 Says Buy TaaS Now, Borrowing Against A Traditional Insurance Policy Cheaper Than A Personal Loan: Vibha Padalkar Of HDFC Life, All You Need To Know About Types Of Credit Card Rewards, Sector Rally Alert: Here's What You Need To Know, New Honda CB 350 Launches, Competes with Royal Enfield Classic 350, Demand For Life Insurance Rising As Covid-19 Hits Home, Adani Green Energy completes acquisition of 205 MW operating solar assets, Man Who Predicted Rise of AMZN Has New Prediction, PVR Cinemas: Masks will be mandatory while watching films | Unlock 5.0, 'Air India One', the first VVIP aircraft for President, PM arrives in Delhi. This win enhances our auction based order book to 550MW. Contact us here. Inox Wind itself has also won projects with cumulative capacity of 850 megawatts. Inox Wind installed 0.26GW of projects in 2019. Value of order book 2.4 GW Cumulative Capacity of wind turbines commissioned 1210.7 MW Size of order book Certification received for manufacturing high quality product ... All the above figures are as on 31 March 2019 04 Inox Wind Limited. Value of order book 2.4 GW Cumulative Capacity of wind turbines commissioned 1210.7 MW Size of order book Certification received for manufacturing high quality product ... All the above figures are as on 31 March 2019 04 Inox Wind Limited. Then in February 2019, Inox Wind had received a Letter of Intent from Adani Green Energy to supply, erect, and commission 501.6 MW of wind power projects won in the auction by the SECI. Inox Wind's net sales declined 63% to Rs 96.67 crore in Q1 June 2020 over Q1 June 2019. ReNew Power is already an existing customer of Inox Wind with an installed capacity of 236 MW supplied by Inox Wind spread across multiple wind-rich states. Liquidity The net cash accruals for the fiscal 2019 was Rs 26 crores while the same is expected to improve with the execution of … In all, India’s installed wind … More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. by Saurabh. This win is on back of the 300MW order win from the SECI-I auction held earlier in the year.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. The share price of Inox Wind has corrected from close to Rs 500 ($7) in mid-2015 to less than Rs 100 now (1.4). While the company managed to contain the loss when compared to the previous quarter of January to March 2019 when it reported a loss of US$7.5 million, the company had reported a profit of almost US$1.5 million in Q2 2018. It is scheduled to be commissioned by January 2020.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); The order comprises of supplying 19 units of Inox Wind's 2 MW 113 metre rotor diameter turbine combined with 92 metre hub height. Inox Wind will supply, erect and commission its advanced 2MW Wind Turbine Generators (WTGs) of 120m Hub height & 113m Rotor diameter. We would continue to build our order book and gain significant market share in the auction regime on back of future SECI & State auctions. 2019-01-23 2019-01-23 | Paul Paracka. IMF approves $6.5 bn loan for Ecuador: President, Anna Zanardi Cappon, International Board Advisor for CEO and C-Level teams, Babak Hodjat, VP of Evolutionary AI at Cognizant, Shaun Puckrin, Chief Product Officer at GPS, How nano credit is empowering the unbankedWarren Platt, Founder and CEO of #, Gujarat Solar Vocational Training and Livelihoods Project, The UK Government to seal its ivory trade for good, PwC revenues grow by 7% to record US$37.7 billion.

Shell To Cut 9,000 Jobs, Ford Mustang Mach-E Price Cut, & 0–60 MPH Times Published, New York State Announces EV Charging Stations At New York State Thruway Park & Ride Commuter Lots, Northvolt Raises $600 Million in Equity to Invest in Capacity Expansion, R&D & Giga-scale Recycling, Greenwood Energy Latinoamérica Acquires 2C POWER to Create a Cleantech Energy Company for Latin America, NASA & HeroX Seek Innovative Energy Solutions To Power Lunar Activities, In 10th Year, National Drive Electric Week Shifts Online. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Inox Wind's net sales declined 63% to Rs 96.67 crore in Q1 June 2020 over Q1 June 2019. Published on January 29th, 2019 | The project would be executed over the next 12 months. ANI  Large orders to set up wind energy projects continue to flow across the Indian market as developers eye crucial deadlines to commission their respective projects. News is published on CleanTechnica.com, while reports are published on Future-Trends.CleanTechnica.com/Reports/ and buying guides are here. This win solidifies our belief that Inox Wind would be a major beneficiary in the auction based market regime, due to its inherent cost-competitive advantage which allows us to execute these projects on a profitable basis. ReNew Power secured 1.23 gigawatts of capacity with successful participation in five auctions. ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Inox Wind’s Kutch site would become one of the largest wind farms in India post execution of capacities expected to be won in future rounds of SECI & state auctions. Saurabh An avid follower of latest developments in the Indian renewable energy sector. CleanTechnica is the #1 cleantech-focused news & analysis website in the US & the world, focusing primarily on electric cars, solar energy, wind energy, & energy storage. Moreover, impact of the easing competition among the wind turbine manufacturers on company's order-book and operating margins will remain a key monitorable.