Inox Wind soars on bagging order for 150MW wind power project from NTPC Renewable Energy
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Inox Wind is currently trading at Rs. 144.50, up by 10.50 points or 7.84% from its previous closing of Rs. 134.00 on the BSE.
The scrip opened at Rs. 137.90 and has touched a high and low of Rs. 146.60 and Rs. 137.90 respectively. So far 176091 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. 146.60 and Rs. 111.75 respectively. The current market cap of the company is Rs. 4731.14 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 150MW wind power project from NTPC Renewable Energy, a wholly subsidiary of NTPC Green Energy, which is the RE business vertical of NTPC. The project shall be executed in the state of Gujarat. With this the total orders from NTPC stands at 550MW awarded till date to Inox Wind.
As part of the order, Inox Wind will supply and install existing and new technology state of the art Wind Turbine Generators. Additionally, as part of the agreement, Inox Wind will be responsible for operation and maintenance (O&M) services for the project. This addition will contribute to the expansion of Inox Wind's O&M fleet, enhancing overall profitability.
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.
