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Will execute latest order worth Rs 900cr in 1 yr: Inox Wind

According to reports, Inox Wind Limited, a subsidiary of Gujarat Flurochemicals has received a 170 mega watt order from Continuum Wind Energy. The project is to be constructed in and around Ratlam and Mandsaur districts of Madhya Pradesh and it is one of the largest wind turbine orders in India for a single project.
Devansh Jain, director, Inox Wind shares his views on the order. Below is the edited transcript of the interview.

Ekta: Could you give us more details about this order, how much is it worth in terms of a total quantum and when will it start showing on the profit and loss (P&L) and what would your current order book stand at with his?

A: This is amongst the largest orders a manufacturer been awarded in India. The size of this order book in excess of Rs 900 crore and we expect to execute over the next four quarters.

Anuj: Could you tell us if this would be a onetime order or would you be expecting a repeat orders and over the next two-three years how much this be adding to your profits?

A: This is an order which we expect to execute over the existing financial year; of course we would be happy to partner with Continuum Wind Energy. We expect to execute our order book over this financial year as well as next financial year and we continue to build on this order book. Guj Flourochem stock price On June 16, 2014, Gujarat Fluorochemicals closed at Rs 436.50, down Rs 14, or 3.11 percent. The 52-week high of the share was Rs 474.25 and the 52-week low was Rs 190.00. The company’s trailing 12-month (TTM) EPS was at Rs 6.78 per share as per the quarter ended March 2014. The stock’s price-to-earnings (P/E) ratio was 64.38. The latest book value of the company is Rs 233.93 per share. At current value, the price-to-book value of the company is 1.87.

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