Net Loss of Inox Wind reported to Rs 192.17 crore in the quarter ended March 2020 as against net loss of Rs 53.13 crore during the previous quarter ended March 2019. Sales rose 5.40% to Rs 189.25 crore in the quarter ended March 2020 as against Rs 179.55 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 279.71 crore in the year ended March 2020 as against net loss of Rs 39.55 crore during the previous year ended March 2019. Sales declined 47.12% to Rs 760.19 crore in the year ended March 2020 as against Rs 1437.44 crore during the previous year ended March 2019.

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Inox Wind will hold a meeting of the Board of Directors of the Company on 20 June 2020.

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Inox Wind has appointed Vineet Valentine Davis (DIN: 06709239) as anAdditional Director and Whole-time Director of the Company (subject to the approval of theShareholders at the ensuing Annual General Meeting of the Company) for a period of two years witheffect from 19 May, 2020. Further, Vineet Valentine Davis shall also be a Key ManagerialPersonnel of the Company in terms of section 203 of the Companies Act, 2013.

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Inox Wind has signed definitive agreements with Continuum Power Trading (TN), part of Continuum Wind Energy group, to supply, erect and commission 250 MW of wind power projects (in two phases of 126 MW and124 MW) comprising of a mix of 2 MW (113 metre rotor diameter turbine combined with 92 metre hub height) and 3 MW (145 metre rotor diameter turbine combined with 120 metre hub height) turbines.

Post receipt of certain advances, Inox Wind has started execution of the first phase of the project comprising of 126 MW which is scheduled to be commissioned by Q3 of FY 2021 at Dayapar, District Bhuj in the State of Gujarat on a turnkey basis. As part of the turnkey order, Inox Wind will provide Continuum Power with end to end solutions from development and construction to commissioning and providing long term operations and maintenance services. Common Infrastructure such as 220 KVPooling Substation at Dayapar, 220 KV Bay at PGCIL Nirona End, 220 KV Transmission Line for 72 km is already ready and the project will be executed on a plug and play basis.

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