Recent interview of Devansh Jain with ET Now:
The Wealth Creators: InoxGFL’s Roadmap To Become A 10 GW Player | Devansh Jain On Growth Plans
Parts pertaining to INOX WIND:
- Inox wind, just started. Planning much larger things – ambitions are larger – we are backward integrating.
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- even for low lying products, incrementally we easily add a 100 cr of profitability (bottom line) and can take margins beyond our stated 15-16%.
- We don’t like debt.; averse to debt. If we need to scale biz and have working capital, happy to take a bit of short-term debt.
- Interested in only niche biz which can run on high margin biz. they can be low on top line but can add strongly to the bottom line and Strong Cash flows.
- at Inox wind, a 2 GW run rate will be a ~14000 Cr revenue (15% margins = 2100 Cr)
- family office owned IPP (Independent Power producer) – IGREL(?) renewables. – next 2 years – 1 billion USD worth unlocking possible, will be the fastest.
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- initially thought only for captive consumption. then thought why not set up and use for us and sell to various customers too.
- in Inox wind: we transitioned to the 3.3 MW turbine within 2 quarters.
- 3.3 and 4 MW are going to be the tech for the next decade in Wind turbines, for India.
GFL:
- GFCL EV is going to be the biggest among the group.
- Battery chemicals: GFCL EV will be another value unlocking potential along with Green Hydrogen.
- lot of global investors are approaching only for this EV pie. Financial investors want to get a piece of this pie. They are not looking for technology. We have the technology tie ups already in place and have been silently executing on this, for past few years.
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