Inox Clean Energy unlisted share price

Price history

About

Inox Clean Energy Limited is a renewable energy company with its registered office in Vadodara, Gujarat. It runs two businesses. The first is an independent power producer (IPP) business that owns and operates wind and solar plants and sells the power under long-term agreements. The second is solar manufacturing, with a 3.00 GW solar module plant at Bavla in Gujarat, a 5.00 GW integrated module and cell plant under construction at Dhenkanal in Odisha, and a US unit, Inox Solar Americas, with about 3.00 GW of operating module capacity. The company is growing fast through acquisitions. Until recently all its operating projects were wind farms in Gujarat. During FY26 it bought the Vibrant Energy, Sunsource Energy and SkyPower platforms, and it also has power purchase agreements in Zambia, Zimbabwe and the DRC totalling 2.91 GW. As of August 31, 2026, its operational capacity was 2,375.05 MW. Of this, 1,246.35 MW is contracted with commercial and industrial customers, including INOXGFL Group entities and data centre operators, and 1,108.70 MW is with utilities and DISCOMs. On the consolidated restated numbers, revenue from operations was ₹1,781.29 million in FY26, against ₹472.44 million in FY25 and ₹393.95 million in FY24. Profit after tax was ₹309.81 million in FY26. Note that the FY24 figures are standalone, and FY26 includes acquired businesses only from their completion dates, so the years are not like for like. Total equity was ₹32,676.87 million at the end of FY26. The company is promoted by Devansh Jain and Avarna Jain. Devansh Jain holds 899,000,000 of the 980,865,372 equity shares of face value ₹1 each, jointly with Avarna Jain. Bharat Nareshkumar Saxena is the Chief Executive Officer and a Whole-time Director. The company has filed its DRHP with SEBI for a public offer of up to ₹100,000.00 million, made up of a fresh issue of up to ₹80,000.00 million and an offer for sale of up to ₹20,000.00 million. The price and share numbers of the offer are not yet fixed. Unlisted shares of a company like this are dealt off-market between private parties, and the price shown here (₹785 per share, lot of 100 shares) is only an indicative price, not an exchange price.