Inox Wind surges on bagging iorder for wind power project from ABEnergia Renewables

Inox Wind is currently trading at Rs. 146.30, up by 3.35 points or 2.34% from its previous closing of Rs. 142.95 on the BSE.

Inox Wind Energy
Inox Wind Energy

The scrip opened at Rs. 146.30 and has touched a high and low of Rs. 150.00 and Rs. 146.30 respectively. So far 6007 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 160.40 on 16-Sep-2022 and a 52 week low of Rs. 75.40 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 151.40 and Rs. 133.40 respectively. The current market cap of the company is Rs. 4659.43 crore.

The promoters holding in the company stood at 72.01%, while Institutions and Non-Institutions held 1.89% and 26.10% respectively.

Inox Wind has bagged an order for a 100MW wind power project from ABEnergia Renewables (ABEnergia), an Independent Power Producer. As part of the order, Inox Wind will supply and install state-of-the-art, new generation 3.3 MW wind turbine generators with 145 m rotor dia & 120 m hub height. The project will be executed on a turnkey basis at Dayapar site in the Kutch district, Gujarat and is scheduled to be commissioned by 2024.

The necessary infrastructure facilities, including the 220 KV pooling substation at Dayapar and extra high voltage transmission line have already been commissioned successfully, therefore the project will be executed on a plug and play basis. Additionally, as part of the agreement, Inox Wind will be responsible for comprehensive multi-year operation and maintenance (O&M) services for the project.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.