In a recent interview, Mr. Devansh jain mentioned that they plan to make Inox Green into a 10 GW player in the next 3-4 years (3 GW Currently). This could translate into a 1000 Crore revenue and a 500 crore EBIT (PAT maybe around 400 crores). Current Market Cap of 4,000 Crores so seems like an interesting opportunity.
He also mentions that no capex needs to be done for this and since its an O&M Business, there should be a lot of free cash flow. Company should already be net debt free after sale of assets. Therefore the company should get a good multiple
Any comments on how realistic the 10 GW target is, and how reasonable my assumptions are?
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