Order from BHEL.

They did clarify that it will be infused back to IWL.

ef7faa40-3f75-49ff-899c-7898dea6bd55.pdf (871.4 KB)

” Inox Wind Energy Limited raises ~ Rs. 900 Crore through Sale of Equity Shares of Inox Wind Limited; significant step towards completely deleveraging external debt in IWL

• Inox Wind Energy Limited (IWEL), the promoter of Inox Wind (IWL), successfully raised ~ Rs. 900 Crores through sale of equity shares of Inox Wind via block deals on the stock exchanges

• Transaction witnessed strong participation across marquee Institutional Investors”

The funds raised are proposed to be infused into Inox Wind Ltd to pare down Inox Wind’s debt and augment the working capital needs of the company thereby strengthening its balance sheet further.

You will keep holding this till election results or after that?

The story of Unihealth is shaping up quite well. With expansions in bed capacity, superspeciality servies, new consultancy projects and increasing distribution sales, there are many growth drivers in place to achieve very good medium term growth.

With lack of competition in Africa, there shouldn’t be any competitive pressures on the company that can hamper its growth plans. (In India it remains to be seen how they shape up against their competition)

The management is also extremely competent in the way they’ve scaled the business and how they communicate their future plans

Only real risk is currency depreciation as it played out this year. But management is taking active steps against reducing this risk.

Also, cash flows, working capital and margins should increase once superspeciality services, consultancy services and newer geographies start contributing to its sales.

So, business quality wise as well, the company is in the right direction.

DISCLOSURE: INVESTED AND PLAN TO ADD MORE AS THE COMPANY EXECUTES ITS PLANS

Here are Q4 results and board as recommended a final dividend of Rs.55 per share.

Overall a decent results.