It demands a P/E multiple of 24 based on FY24 earnings while its enterprise value works out to be nearly 23 times Ebitda. Adani Green Energy, a larger peer, trades at FY25 expected P/E of 113 and EV/Ebitda of over 34.
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution
IFCI shares rallied over 16% in two sessions amid expectations that the long-delayed NSE IPO could be nearing launch. IFCI indirectly owns more than 4%
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