Inox

Inox Air ropes in TP Saurya Bandita to set up 40 MW captive solar plant

INOX Air Products on Tuesday said it has signed an agreement with TP Saurya Bandita Ltd to set up a 40 MW captive solar plant at Dhule in Maharashtra. TP Saurya Bandita is a special-purpose vehicle of Tata Power Renewable Energy Ltd (TPREL). In a statement, INOX Air Products (INOXAP) said, "The power project with a capacity of 40MWp, would cater to the energy needs of the air separation units operated by INOXAP in Maharashtra." Once commissioned, the plant will help INOXAP reduce 48,000 tonnes carbon emissions on an annual basis. This project is in line with INOXP's long-term strategy to reduce dependency on fossil fuels, lower the carbon footprint to manufacture green medical and industrial gases, it said. INOXP did not disclose the order value. According to industry estimates, an investment of about Rs 5 crore is required to set up 1 MW of solar capacity.

Inox Air Products to set air separation unit at Hazira AMNS steel plant

INOX Air Products (INOXAP) on Monday said it will set an air separation unit -- a plant that separates oxygen and nitrogen from atmospheric gases -- at steel maker AMNS's plant located at Hazira in Gujarat. Producing oxygen is part of the overall steel making process through the blast furnace route. In a statement, INOXAP said it "has been awarded a prestigious contract for setting up its sixth air separation unit (ASU) at the Hazira unit of ArcelorMittal Nippon Steel India (AMNS India)." The new ASU has the ability to produce 1,000 TPD (tonne per day) of gaseous oxygen and 1,000 TPD of gaseous nitrogen along with other liquid medical and industrial gases, it said, adding the unit will be commissioned within 23 months. INOXAP's had already installed five ASUs at AMNS Hazira plant and the commissioning of the sixth one would scale up the combined capacity of the industrial gas complex to 11,100 TPD. The company did not disclose the order value.

PVR launches Lucknow's biggest 11-screen cinema post merger with Inox

After merging with INOX Leisure Limited, PVR Limited announced the opening of Lucknow's largest cinema in Lulu Mall. The 11-screen Superplex will increase the company's presence in UP

PVR-Inox merger: How big is the consolidation in Indian cinema

The country's largest and second-largest theatre chains, namely, PVR and Inox, received the final approval for their proposed merger on Thursday

NCLT gives approval for merger of multiplex operators PVR and Inox

Detailed order expected in next few days; paves way for India's largest cinema chain

PVR-INOX merger should get done by Feb next year: Director Siddharth Jain

'We would love to have more players entering the market because that is how the business will grow'

Inox group plans Rs 1,000-crore IPO of cryogenic equipment maker in 2023

InoxCVA's offering may hit primary market next year

Inox GFL Group raises around Rs 1,500 cr across entities to pare down debt

Inox GFL Group on Thursday said that it has raised around Rs 1,500 crore across its entities in the last fortnight. The Inox GFL Group, recently embarked on a journey towards deleveraging across all its operating entities. Towards this goal the Group has been on a significant fundraising spree, raising almost Rs 1,500 crore across its entities in the last fortnight, a company statement said. This funding has been used to pare down debt substantially across its operating companies and consequently the interest outgo will reduce substantially, it added. Around Rs 740 crore was recently raised through an IPO (initial public offering) of Inox Green Energy Services Ltd (IGESL) and the funds raised have been majorly utilized towards debt repayment, it stated. Further the promoters have recently raised Rs 720 crore through sale of shares of Gujarat Fluorochemicals Ltd (GFL). The sale proceeds, net of expenses and taxes, have been infused in Inox Wind Ltd (IWL). In turn IWL has repaid the

Inox Wind, Inox Green Energy Services reduce debt by Rs 411 crore

Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore. Inox Wind Ltd and its subsidiary Inox Green Energy Services Ltd, as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore (aggregating to Rs. 411 crore) towards reducing their debt, an exchange filing said. Consequently, the corporate guarantees given by Gujarat Fluorochemicals Ltd have also got reduced to that extent. Both the companies are in the process of further reducing their debt in due course, it added. Inox Wind Ltd is India's leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. Inox Wind is a fully integrated player in the wind energy market with three stateof-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh. Inox Wind's manufacturing capacity stands at 1,600 MW per annum. Inox Green Energy

PVR sees superplexes as next blockbuster concept in cinema business

A regular multiplex typically has 4-5 screens per property. Larger ones may go up to 7-8 screens at a single location

Inox Green Energy makes dismal debut; lists at 8% discount over issue price

Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price

Street Signs: Nykaa 5:1 bonus issue, all eyes on Paytm and Delhivery & more

FSN E-Commerce Ventures (Nykaa) issued a 5:1 bonus issue around the time the one-year lock-up for its pre-initial public offering (IPO) investors ended

A day before IPO, Inox Green mobilises Rs 333 crore from anchor investors

Inox Green Energy Services, a subsidiary of Inox Wind, has collected Rs 333 crore from anchor investors. The funds were raised a day before its initial share-sale that opened for public subscription on Friday. The issue will conclude on November 15. The company has decided to allocate 5.12 crore shares to anchor investors at Rs 65 apiece aggregating the transaction size to Rs 333 crore, according to a circular uploaded on the BSE website late night on Thursday. Morgan Stanley Asia (Singapore) Pte, Nomura Singapore Ltd, Citigroup Global Markets Mauritius Private Limited, HDFC Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF are among the anchor investors. The Rs 740-crore initial public offering (IPO) of Inox Green comprises a fresh issue and an offer for sale of Rs 370 crore each. The company has fixed a price band of Rs 61-65 per share for its IPO. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. Inox Green is engaged

India's top multiplex chains bank on festive season to bring cheer back

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

Inox Leisure Q2 net loss narrows to Rs 40 cr, revenue rises multi-fold

Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs 40.37 crore for the second quarter that ended on September 30, 2022, helped by rising footfalls at cinema halls. The company had posted a net loss of Rs 87.66 crore in the July-September period a year ago, said Inox Leisure in a BSE filing. Its revenue from operations during the quarter under review was at Rs 374.12 crore, up multi-fold in comparison to the low base of the corresponding quarter of the previous year when the cine exhibition industry was impacted due to the second wave of the COVID-19 pandemic. Inox Leisure's revenue from operations in the July-September quarter of the last fiscal stood at Rs 47.44 crore. Total expenses were at Rs 434.24 crore, up two-fold. During the July-September quarter, 11.6 million guests visited Inox cinemas and reported "ATP (Average Ticket Price) of Rs 215 and the highest ever quarterly SPH (Spending Per Head) at Rs 102". This wa

T20 WC: INOX signs deal with ICC to live screen India matches in cinemas

Leading multiplex chain INOX Leisure Ltd will live screen all matches to be played by India at the upcoming ICC Men's T20 World Cup 2022 in its cinema halls across the country. It has signed an agreement with the International Cricket Council (ICC) in this regard, INOX Leisure said in a statement. INOX will showcase all group matches to be played by Team India, starting with their first match on October 23 against Pakistan, followed by the semi-finals and the final match. "The live matches will be screened across INOX multiplexes in more than 25 cities," it said. The eighth edition of the ICC Men's T20 World Cup commences from October 16, with the Super 12 stage kicking off on October 22. The final is scheduled on November 13 in Melbourne. INOX Leisure Chief Operating Officer Anand Vishal said, "By screening cricket in cinemas, we are bringing together the thrill of the giant screen experience and thunderous sound with the most loved sport in our country, that is cricket. The ...

Inox Green Energy Services sells entire stake in 3 arms to Adani Energy

Inox Wind on Monday said its arm Inox Green Energy Services has sold its entire equity stake in three special purpose vehicles to Adani Green Energy. "Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing. These special purpose vehicles (SPVs) "commissioned 50 MW each, out of the total 250 MW which it had successfully won under the Tranche 1 of Solar Energy Corporation of India Ltd's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid...," it added. IGESL shall provide long-term operations and maintenance services for these projects. Inox Wind through its SPVs had supplied, erected and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) as part of 50 MW project each. Inox Wind had won 250 MW in SECI Tranche 1 auction at a fixe

PVR to invest Rs 350 cr in 100 new screens; expects Inox merger by Feb 2023

Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official said on Monday. It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR's chief executive Gautam Dutta told PTI over the phone. Pointing to the company's performance in the April-June quarter, he said patrons are coming back to halls to enjoy the cinema experience and the food and beverage sales are also up, which makes it more optimistic about expansion. "We will invest up to Rs 350 crore to open 100 screens in FY23. I see the same trend continuing in the next 2-3 years as well," Dutta said, stressing that the expansion will be a balanced one across geographies. About 60 per cent of the new screens will be in cities where the company already has a presence, while the rest will be in newer ones, he added. Locations, where it intends to expand, include Rourkela, Dehradun, Vapi, Chennai, .

Movie buffs celebrate silver screen's return to Kashmir after 3 decades

The inauguration was followed by a screening of the Aamir Khan-starrer Laal Singh Chadhha, viewed by an audience that included media persons, officials, guests and local residents.

Kashmir's first multiplex screens Lal Singh Chaddha on opening day

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday inaugurated the valley's first multiplex in Sonawar area of the city, ending the three-decade wait of the movie buffs to watch their favourite stars on the big screen. "Inaugurated INOX multiplex theatre in Srinagar. Congratulations to the people, Sh. Vijay Dhar & INOX Group. A major socio-economic revolution is sweeping through J&K in the last 3 years, Sinha tweeted soon after inaugurating the multiplex. He said, It is a reflection of a new dawn of hope, dreams, confidence and aspirations of people." The mulitplex management held a special screening of Aamir Khan-starrer 'Lal Singh Chaddha' after the inauguration ceremony. The regular shows will start from September 30 with the screening of Vikram Vedha, starring Hrithik Roshan and Saif Ali Khan. The first multiplex in Kashmir will have three movie theatres with a total capacity of 520 seats. The premises will also have a food court aimed at promoting the local ...