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In a regulatory filing, the company said it has signed agreements, last executed on August 18, to sell 49.6 lakh equity shares of IRSL, each with a face value of ₹10.
Profit before tax surged 167% to ₹138 crore, while cash PAT jumped 168% to ₹186 crore.
Here are some of the stocks that may see significant price movement today: Glenmark Pharmaceuticals, Vedanta, Inox Wind, etc.
As part of the project, the company will install the turbines at the Tamil Nadu project site via First Energy’s special purpose vehicle (SPV).
For the full fiscal FY25 the company see-sawed into profits, reporting a net profit of ₹437.62 crore as against net loss of ₹48.16 crore in FY24
The project is set for execution across Gujarat and Rajasthan, with multi-year operations and maintenance (O&M) support provided post-commissioning.
Inox Wind's recent fund offerings, together with its operational ramp-up, have resulted in a net cash positive balance sheet, according to the business.
The 550 MW LoI is in addition to the company's prior order of 200 MW, bringing Inox Wind's order book to more than 3.5GW.
The money raised will be used to expand the business offerings and capitalise on large-scale prospects in the Indian wind industry
Inox Wind will carry out this project across four states: Madhya Pradesh, Karnataka, Rajasthan, and Maharashtra.
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