In an interview to CNBC-TV18, Devansh Jain, Executive Director of Inox Wind, talked about the company's order book, getting repeat orders from CESC's subsidiary, and why he expects better margins on newer orders going forward.
Inox will install 50 MW windmills in Andhra Pradesh and 20 MW in Madhya Pradesh, says Devansh Jain, executive director of Inox Wind.
Devansh Jain, wholetime director, Inox Wind says the company will log in strong FY16 growth numbers and adds the company will now focus on expansion.
Devansh Jain, wholetime Director, Inox Wind says after winning the 100 MW wind power project from Ostro Energy, its order book is likely to grow to 1250 MW plus.
Devansh Jain, Director, Inox Wind speaks about the wind energy business in India. The company expects incremental orders worth 1,000-1,500 MW in the coming days. As of March 2015, it had an order book of 1400 MW.
In an interview to CNBC-TV18, Devansh Jain, Director, Inox Wind, talks about the company's fourth quarter results and its future outlook.
India's stock market has soared, touching record highs last month. It was Asia's second-best performer last year, thanks largely to more than USD 16 billion of foreign investment.
The issue comprises a fresh offering of equity shares aggregating up to Rs 700 crore and an offer for sale of up to one crore equity shares, or 5 percent of stake held by Inox Wind promoter Gujarat Fluorochemicals to the extend of Rs 300 crore. The issue will be listed on both exchanges, NSE and BSE.
The company is also expecting to use another Rs 150 crore for project site development.