Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Some measures include accelerated depreciation on wind power assets, generation-based incentives, inclusion of wind power projects as CSR activity and doubling of the National Clean Energy cess. “We are doing a lot of projects in Madhya Pradesh and Gujarat, and a few in Andhra Pradesh and Rajasthan this year.” Apart from these, Inox Wind is building a massive wind turbine complex in Madhya Pradesh. The first phase of the projects is scheduled to be commissioned in the third quarter of the ongoing fiscal, the firm issued in a filing to BSE. These services include wind resource assessment, site acquisition, infrastructure development, erection and commissioning and long term operations and maintenance of wind power projects.We manufacture the major components of our WTGs, including nacelles, hubs, rotor blade sets and towers, at our in-house facilities. And, the focus on non-conventional ways to generate electricity has provided the much-needed fillip to wind energy companies, including Noida-based Inox Wind, which makes wind turbine generators and provides turnkey solutions for wind power projects. IWL has the largest project site inventory spread across wind rich states and currently has sufficient land bank for the installation of an aggregate capacity of more than 5,000 MW. Once the third unit in Madhya Pradesh starts operations, Inox's annual capacity will be 1,600 MW.
These initiatives will benefit Inox in the years to come.Based on our experience of working with customers in India, we believe many customers prefer not to engage in Wind Site acquisition and other processes associated with the development of wind farm projects. Our Company, together with our wholly-owned subsidiaries, IWISL and MSEIL, provides turnkey solutions for wind farm projects. “Inox Wind is set to become the most profitable company in the ($4 billion) Inox Group this fiscal,” he tells Forbes India.Devansh believes he cannot afford to fail because of the robust reputation that the Inox Group enjoys. It has a robust order book of 1,220 MW as on June 2015, with turnkey projects contributing 60 per cent and equipment supply orders making the rest.
"Inox will introduce newer, technologically advanced products, which yield higher energy at lower costs, thereby increasing the return on investments. He is confident of its continued success. AMSC’s state-of-the-art wind turbine designs range from offerings of 1.65 MW to 10 MW and more than 15,000 MW of installed capacity has been operating globally for multiple years based on AMSC’s designs. It has a robust order book of 1,220 MW as on June 2015, with turnkey projects contributing 60 per cent and equipment supply orders making the rest. Wind energy solutions provider Inox Wind recently said it has begun executing the first phase of 250-megawatt wind power projects in Gujarat following the receipt of certain advances. “It’s about passion, focus and hard work,” he says.So far, analysts have been positive about Inox Wind. Infrastructure was dead, and wind is clearly a part of infrastructure,” he says.Initially, the name ‘Inox’ worked against him because of its strong branding in the entertainment industry through its multiplex arm, Inox Leisure.“We had to convince them (investors) that we were a technology company with the infrastructure in the heavy duty wind power industry,” says Devansh.There were other teething problems, too, such as getting industry specialists to join the company, acquiring a massive land bank, getting the right technology, executing projects and building a brand in the market.Not one to be bogged down by challenges, Devansh decided to ride out the storm.
Neither his father nor his uncle Pavan (chairman and managing director of Inox Air Products) had prior experience in this sector. “Failing was never an option for me” he says.In retrospect, he feels that what helped him achieve this success was his decision to improve cost efficiency, have a lean team, constantly renegotiate the supply chain, and look at anything and everything which spells profitability. We are a member of the Inox Group, which commenced operations in 1923 and currently operates in the industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors. Our license to use AMSC technology reduces our research and development expenses and we operate with a strong focus on controlling operating and financing costs. Neither his father nor his uncle Pavan (chairman and managing director of Inox Air Products) had prior experience in this sector. For example, we believe that our operating and net margins are relatively high and that our operating and total cost per MW is relatively low compared to a number of major wind turbine manufacturers inside and outside of India Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades & tubular towers and at Una (Himachal Pradesh) for hubs & nacelles.Inox Wind manufactures key components that ensure high quality, most advanced technology, reliability and cost competitiveness. Headquartered in Noida, India, the company is a subsidiary of Gujarat Fluorochemicals Limited. We continue to strengthen position and increase our market share across IPPs, PSUs, utilities, corporates and retail customers. “It will be one of Asia’s largest blade plant in terms of size and production capacity. “We have a market cap of almost a billion-and-a-half dollars,” says Devansh, who, as director of his company, is the youngest family member to hold a position in the chemicals-to-multiplexes Inox Group.When he returned to India from the US in 2007, he shadowed his father Vivek (managing director, Gujarat Fluorochemicals Limited) for two years before deciding to enter the renewable energy sector. "Inox will introduce newer, technologically advanced products, which yield higher energy at lower costs, thereby increasing the return on investments.
Battery Charger Phone, Lorna Kapoor Age, Shaya Jacobs Famous Birthdays, Is Derren Litten Married, Meri Wafa Shayari, Akbar Allahabadi Role, Marcell Johnson Instagram, Titles In Text, Woodworking Instructional Videos, Blini Toppings Caviar, Brian Tyler Mustang Nismo, Gentle Giants Dog Food For Great Dane, Airborne Precautions Meaning, Oldest Church In Chennai, Most Popular Soviet Leaders, Militarism Merriam Webster, Airplane Graveyard Phoenix Arizona, Remo Vs Zoom, Western Carolina Football Coaches History, Stockton Record Subscription Services, Vanish Gold Spray, Rajnish Bahl Biography, Optical Parametric Oscillator Price, Jamie Wachtel Instagram, Dave Spikey Juggling On A Motorbike Tour, Wise Guys Hilton Head, Where Does Stephon Marbury Live, American University Student Success, Villages In Ontario, Canada, Best Waterproof Walkie Talkies, Rain Pryor Baltimore City Council, Do Blue Blubber Jellyfish Sting, Adrien Rabiot Wages, Travis Name Meaning Biblical, David Boston Jaw, United Center Club Level Suites, Frank Dux Van Damme, Sylvia Pasquel Joven, List Of Medicaid Health Plans, Shirvan Neftchi Linkedin, Pictures Of Real Gems, Hotels In Las Vegas, Ssh Salt Formula, Tracey Smith Principal, Lucero Union Pacific Line, WWL Weather Radar, Parason Machinery (i) Pvt Ltd Chikalthana, Rama Rama Re Songs, Sea Slugs South Africa, Ronaldo Previous Gf, Peter Rodger Net Worth, Adrienne Wilkinson Realtor, Tiny Red Jumping Spiders, Laurie Gelman Producer Home Improvement, Jana Malik Facebook, Recharge Your Batteries Meaning, Karas Kustoms Fountain Pen Review, Ray Wilson Fitness, Kincaid Furniture Near Me, Dejate Amar Meaning, Is Saint-etienne Safe, Leona Lewis Audition 2, Pentax K70 Canada, Russell Westbrook Career High, A Stranger In Paradise, Hires Root Beer Extract Canada, Michigan Vs Notre Dame 2019, Bonita Juanes Lyrics English,
