Inox winds bags a mega wind energy order from CESC which shots it price to a record high. Investor needs to know these facts before making any decision
Disclaimer: This is not a buying or selling recommendation at all. The content provided on this finance stock market blog is for informational purposes only and should not be construed as financial advice. The information presented here is not intended to be a substitute for professional financial guidance, and readers are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions.Guess who’s riding the wind of success? None other than Inox Wind, the superhero of sustainable energy solutions! They’ve just clinched a mega-deal with CESC Ltd, and boy, is it a whopper!
Picture this: 1,500 MW of clean, green, wind-powered goodness! That’s like having a thousand and a half giant windmills churning out energy like there’s no tomorrow. And get this – they’re not just any old wind turbines; they’re the latest and greatest DF/3000/145 Wind Turbine Generators. Each one packs a punch with a minimum capacity of 3.3 MW. Talk about mighty breezes!
Inox Wind isn’t just stopping there – oh no! They’re diving headfirst into a binding framework agreement with CESC Ltd, one of the big shots in the Indian power scene. Over the next 3-4 years, they’ll be spinning up a storm, installing and supplying enough wind power to light up cities and towns across the map.
But wait, there’s more! This agreement isn’t just about slapping up windmills left and right. It’s a mix of turnkey execution and equipment supply, with a sprinkle of Operations & Maintenance services from their trusty sidekick, Inox Green Energy Services Ltd (IGESL). Because let’s face it, even superheroes need a little help keeping things running smoothly!
And guess what, folks? This isn’t just your run-of-the-mill deal. Oh no, siree! This is the big kahuna, the grand poobah, the single-largest order for a wind project in all of India! That’s right – Inox Wind is making history, one gust at a time.
CEO Kailash Tarachandani is over the moon about this milestone moment, and who can blame him? It’s like winning the renewable energy jackpot! And Sandeep Kashyap, CEO of Renewable Business at RPSG Group, is equally pumped about CESC’s green dreams coming true with this epic partnership.
So there you have it, folks – a wind-powered adventure of epic proportions! Inox Wind and CESC Ltd are teaming up to save the planet, one turbine at a time. Let’s give them a round of applause and a hearty cheer for a job well done!
Also Read | DECODING FM SITHARAMAN’S BUDGET 2024: WHAT THE STOCK MARKET WANTS AND FEARS REVEALED!Alright, finance fanatics, buckle up for a rollercoaster ride through some financial fun facts! 🎢💰
1. Let’s start with the company’s revenue – it’s like a yo-yo on steroids! Comparing it to last year, we’re seeing some sweet growth. But hold onto your hats because over the last 5 years, it’s taken a nosedive, dropping almost 50%! Talk about a rollercoaster ride! Will it bounce back? Your guess is as good as mine!
2. Next stop: profitability town! Uh-oh, folks, it’s not looking too rosy. The company’s profitability is about as elusive as a unicorn in a haystack. In fact, it’s widening its losses year over year! Cue the worry bells ringing louder than a rock concert!
3. Debt to equity – now there’s a spicy meatball! The company’s debt has seen some ups and downs, like a seesaw at recess. It’s decreased compared to last year, but over the past 5 years, it’s been on the up and up. And guess what? Debt to equity is greater than 1, which is like wearing mismatched socks – not a good look!
4. Shareholding patterns – it’s like a game of musical chairs with the company’s shares! Promoters have been shedding about 20% of their holdings in the past two quarters, but fear not, they’re still holding onto the lion’s share, sitting pretty at over 50%. Meanwhile, FIIs and DIIs are jumping on board like it’s the hottest ticket in town, increasing their holdings like there’s no tomorrow. No wonder this stock’s been on a rocket ship to the moon with a jaw-dropping return of nearly 180% in the last 6 months!
So there you have it, folks – a whirlwind tour through the highs and lows of financial fortune! Keep these facts in your back pocket before you dive into any investment decisions. Until next time, happy investing and may your portfolios be as colorful as a rainbow on a sunny day! 🌈📈
