Inox Wind to incorporate the Pokhran Wind Energy Private Limited
Inox Wind has incorporated the Pokhran Wind Energy Private Limited with paid-up capital of Rs 1 lakh, divided into 10,000 equity shares of Rs 10 each.
by Damodharan N
Updated Jul 01, 2024
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Inox Wind Limited, a leading wind energy solutions provider in India, has announced the incorporation of a wholly-owned subsidiary called Pokhran Wind Energy Private Limited. The new SPV (special purpose vehicle) has been set up to develop wind farms across the country.
Pokhran Wind Energy has been incorporated with an authorized and paid-up capital of Rs 1 lakh. In its subsidiary, Inox Wind will make an initial subscription of Rs 1 lakh, divided into 10,000 equity shares of Rs 10 each.
The subsidiary has been registered with the Registrar of Companies in Gujarat and is yet to commence business operations. It will operate in the wind power industry.Inox Wind is a fully integrated wind energy company, with four manufacturing plants and an annual capacity of over 2 GW.
The company reported a consolidated net profit of Rs 37.67 crore in Q4 FY24, compared to a net loss of Rs 115.51 crore in the same quarter last year. Revenue from operations stood at Rs 527.73 crore in Q4 FY24, significantly higher than Rs 190.75 crore in the corresponding quarter of the previous year.
The incorporation of Pokhran Wind Energy is in line with Inox Wind's strategy to expand its wind farm development business and capitalize on the growing demand for renewable energy in India.
Read the Press Release
Inox wind limited
Inox Wind Limited is a prominent player in India's wind energy sector, offering comprehensive solutions as a fully integrated company. The company manufactures key components of wind turbine generators (WTGs) at its state-of-the-art facilities, ensuring high quality, advanced technology, and cost-competitiveness.
Inox Wind's WTGs are designed for low wind speed sites in India, with variants featuring rotor diameters ranging from 93 to 113 meters and hub heights up to 120 meters. The company also provides end-to-end turnkey solutions, including wind resource assessment, site acquisition, project development, power evacuation, erection and commissioning, statutory approvals, and long-term operations and maintenance of wind power projects.
With a robust team of experts and industry certifications, Inox Wind continues to drive innovation and growth in the renewable energy sector, contributing to India's sustainable development goals.
Inox wind to incorporate the Pokhran Wind Energy Private Limited - FAQs
1. What is Inox Wind Limited?
Inox Wind is a leading wind energy solutions provider in India.
2. What are Inox Wind's main business activities?
Inox Wind manufactures wind turbine generators (WTGs) and provides end-to-end wind farm development services.
3. How many manufacturing plants does Inox Wind have?
Inox Wind has four state-of-the-art manufacturing plants across India.
4. What is Inox Wind's annual manufacturing capacity?
Inox Wind has an annual manufacturing capacity of over 2 GW.
5. What were Inox Wind's Q4 FY24 financial results?
In Q4 FY24, Inox Wind reported a net profit of Rs 37.67 crore and revenue of Rs 527.73 crore.
6. Why has Inox Wind incorporated Pokhran Wind Energy?
Inox Wind has incorporated Pokhran Wind Energy as a wholly-owned subsidiary to develop wind farms in India.
7. What is the authorized capital of Pokhran Wind Energy?
Pokhran Wind Energy has an authorized and paid-up capital of Rs 1 lakh.
8. Where is Pokhran Wind Energy registered?
Pokhran Wind Energy is registered with the Registrar of Companies in Gujarat.
9. What industry will Pokhran Wind Energy operate in?
Pokhran Wind Energy will operate in the wind power industry.
10. How does the incorporation of Pokhran Wind Energy align with Inox Wind's strategy?
The incorporation aligns with Inox Wind's strategy to expand its wind farm development business and capitalize on the growing renewable energy demand in India.
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