Aiming to be one of the fastest growing solar platforms in the country, Inox Solar is targeting an initial capacity of 5 GW of solar modules and 2.5 GW of solar cell manufacturing capacity by 2026, at an outlined capex of Rs 1,500 crore. The company will also provide turnkey EPC solutions, including land acquisition & power evacuation, through its group company Inox Renewable Solutions (earlier known as Resco Global Wind Services). Additionally, it will offer post commissioning O&M services through another group company Inox Green Energy Services. Inox Solar's first solar module manufacturing unit with initial capacity of 1.2 GW in Gujarat is expected to be operational by March 2025. The facility will manufacture TopCon modules. Devansh Jain, executive director of INOXGFL Group, said With Inox Solar, we proudly mark a new chapter in INOXGFL Group's journey, advancing India's renewable energy aspirations. This foray into solar energy complements our existing strengths, making us a fully integrated player in the energy transition ecosystem. Our vision is to deliver comprehensive renewable solutions, supported by world-class manufacturing capabilities and turnkey services. By targeting 5 GW of solar module and 2.5 GW solar cell capacity by 2026, we aim to drive energy independence and empower our stakeholders. Together, we are not just contributing to greening India but also redefining the benchmarks of excellence in the renewable sector. INOXGFL Group is a forerunner in diversified business segments comprising fluoropolymer, fluorochemicals, battery chemicals, wind turbines and renewables. It is strongly positioned as one of the most deeply integrated Groups in the green ecosystem. Comprising four listed entities - Gujarat Fluorochemicals (GFL), Inox Wind, Inox Green Energy Services, and Inox Wind Energy , the Group commands a market capitalization of ~ US$ 12 bn. On a consolidated basis, net profit of Inox Green Energy Services rose 10.75% to Rs 6.39 crore while net sales rose 16.44% to Rs 55.18 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

Inox Wind Ltd, AGI Greenpac Ltd, Morepen Laboratories Ltd and Ami Organics Ltd are among the other gainers in the BSE's 'A' group today, 02 December 2024.Inox Green Energy Services Ltd spiked 12.28% to Rs 166.45 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 1.4 lakh shares in the past one month. Inox Wind Ltd surged 8.97% to Rs 208.3. The stock was the second biggest gainer in 'A' group. On the BSE, 12.66 lakh shares were traded on the counter so far as against the average daily volumes of 4.1 lakh shares in the past one month. AGI Greenpac Ltd soared 6.54% to Rs 1022.75. The stock was the third biggest gainer in 'A' group. On the BSE, 26825 shares were traded on the counter so far as against the average daily volumes of 11167 shares in the past one month. Morepen Laboratories Ltd advanced 6.22% to Rs 83.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.49 lakh shares were traded on the counter so far as against the average daily volumes of 7.02 lakh shares in the past one month. Ami Organics Ltd spurt 6.07% to Rs 2274.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 22808 shares were traded on the counter so far as against the average daily volumes of 14314 shares in the past one month. Powered by Capital Market - Live

Inox Green Energy Services has completed the divestment/sale of entire equity shares of Rs. 10 each held by the Company (along with shares held by its nominee) in its wholly owned subsidiary namely Nani Virani Wind Energy (NVWEPL) to IGREL Renewables, a related party controlled and owned by significant beneficial owners of the Company, at a face value of Rs. 10 each. Consequent upon the said disinvestment/sale, NVWEPL ceases to be a subsidiary of the Company w.e.f. 29th November, 2024.Powered by Capital Market - Live

Net profit of Inox Green Energy Services rose 10.75% to Rs 6.39 crore in the quarter ended September 2024 as against Rs 5.77 crore during the previous quarter ended September 2023. Sales rose 16.44% to Rs 55.18 crore in the quarter ended September 2024 as against Rs 47.39 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales55.1847.39 16 OPM %33.6227.37 - PBDT23.0717.22 34 PBT9.673.89 149 NP6.395.77 11 Powered by Capital Market - Live

Inox Green Energy Services will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

INOXGFL Group announced today that its privately held renewable power generation platform, IGREL Renewables, has raised Rs 300 crore equity capital, eventually resulting into a single digit dilution. The capital raise witnessed participation by marquee investors, including Akash Bhansali, Rohit Kothari, and Madhusudan Kela, through their respective entities. IGREL Renewables, backed by the INOXGFL Group which has an unparalleled experience of building large businesses, aims to become one of India's premier renewable power generation platforms. The company targets to reach an installed capacity of 2 GW by FY27 (combination of wind and solar) at a cumulative capex of ~ Rs 12,000 crores. IGREL has already placed firm orders for 200 MW and has signed additional 550 MW LoI with Inox Wind today for wind capacities to be executed on turnkey basis. Further, for its solar capacity development, IGREL has given multiple LoIs to leading solar EPC companies with plans to place additional orders in the near future. The company has already tied up PPAs/received LoIs from Group companies and other large C600 MW capacity. The company is in advance discussion with several C&I customers for additional PPAs and has earmarked certain capacities to be sold on the power exchanges. The IPP platform aims to add substantial value to the all the Group companies. While the Group companies will secure their long-term power requirement from renewable sources, helping offset their carbon emissions, its renewable companies including Inox Wind, Resco Global and Inox Green gain on account of large scale business opportunities. Inox Wind's turnkey project execution capabilities on plug-and-play basis is a significant advantage for IGREL, as it has multiple ready sites, developed evacuation infrastructure, and approvals in place/under-process for project installation, which helps expedite project commissioning. Further, its existing power evacuation infrastructure (currently being utilized for wind projects) is available for hybridization, accelerating commissioning of IGREL's solar projects. Additionally, Inox Green will provide multi-year O&M services for the entire capacity of IGREL, leading to a significant growth of its portfolio.Powered by Capital Market - Live

Inox Green Energy Services announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Net profit of Inox Green Energy Services rose 60.94% to Rs 3.75 crore in the quarter ended June 2024 as against Rs 2.33 crore during the previous quarter ended June 2023. Sales declined 10.09% to Rs 50.86 crore in the quarter ended June 2024 as against Rs 56.57 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales50.8656.57 -10 OPM %33.2739.97 - PBDT15.0319.66 -24 PBT1.786.48 -73 NP3.752.33 61 Powered by Capital Market - Live

Inox Green Energy Services will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live