Inox Wind Energy Ltd share Price Today

Inox Wind Energy Limited (IWEL) was incorporated as Public Limited Company on 06 March 2020 under the Companies Act, 2013 in the State of Gujarat as a wholly owned subsidiary of GFL Limited with the objective of engaging in business of generation and sale of wind energy, providing services for Erection, Procurement and Commissioning (EPC) of wind farms and holding strategic business interest in Renewables Energy. The Company received the Demerged Undertaking of GFL Limited and continue to run Renewable Energy Business at various sites located Pan India including sites in Tamil Nadu, Maharashtra, Kerala and Rajasthan. The Company sites are strategically located at various locations catering to growing demand for wind energy and further expand operations. The global wind energy market holds massive potential to provide clean electricity and eliminate carbon emissions from fossil fuels. During the Financial Year 2021, the Hon`ble National Company Law Tribunal, Ahmedabad Bench (NCLT) vide its Order dated 25th January, 2021, approved a Composite Scheme of Arrangement between Inox Renewables Limited (Transferor Company or Inox Renewables), GFL Limited (First Transferee Company or GFL) and Inox Wind Energy Limited (Second Transferee Company or IWEL or the Company), in the nature of Amalgamation of Inox Renewables Limited with GFL Limited and further Demerger and transfer of the Renewable Energy business from GFL to Inox Wind Energy Limited. The said NCLT Order was filed by both the Companies with Registrar of Companies and Scheme became effective from 9th February, 2021 making the Scheme operative.

Inox Wind Energy share price as on 25 Apr 2024 is Rs. 7314.1. Over the past 6 months, the Inox Wind Energy share price has increased by 194.14% and in the last one year, it has increased by 584.14%. The 52-week low for Inox Wind Energy share price was Rs. 1062 and 52-week high was Rs. 7314.1.