28 Jun 2024

Inox Wind gains on incorporating wholly-owned subsidiary

Inox Wind is currently trading at Rs. 140.75, up by 0.30 points or 0.21% from its previous closing of Rs. 140.45 on the BSE.

The scrip opened at Rs. 140.35 and has touched a high and low of Rs. 141.75 and Rs. 139.35 respectively. So far 86233 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 27-May-2024 and a 52 week low of Rs. 38.00 on 03-Jul-2023.

Last one week high and low of the scrip stood at Rs. 145.35 and Rs. 138.60 respectively. The current market cap of the company is Rs. 18337.86 crore.

The promoters holding in the company stood at 52.87%, while Institutions and Non-Institutions held 19.62% and 27.49% respectively.

Inox Wind has incorporated wholly-owned subsidiary (WOS), namely, Pokhran Wind Energy, on June 25, 2024, as a special purpose vehicle (SPV) to develop wind farms in India. New WOS has been incorporated in India and registered with Registrar of Companies, Gujarat at Ahmedabad and is yet to commence its business operations.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.