Inox Green Energy Services inches up as its arm wins order from NLC India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Inox Green Energy Services is currently trading at Rs. 123.00, up by 0.60 points or 0.49% from its previous closing of Rs. 122.40 on the BSE.
The scrip opened at Rs. 124.00 and has touched a high and low of Rs. 124.30 and Rs. 123.00 respectively. So far 2538 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 149.50 on 04-Jan-2024 and a 52 week low of Rs. 38.50 on 13-Apr-2023.
Last one week high and low of the scrip stood at Rs. 126.50 and Rs. 114.10 respectively. The current market cap of the company is Rs. 3593.74 crore.
The promoters holding in the company stood at 55.72%, while Institutions and Non-Institutions held 12.04% and 32.24% respectively.
Inox Green Energy Services’ subsidiary -- I-Fox Windtechnik India (I-Fox) has won an order from NLC India (NLCIL) for the restoration of 33 wind turbine generators (each 1.5 MW) of NLCIL’s wind power plant located in Tenkasi District in the state of Tamil Nadu. The scope of the contract comprises supplies of materials/spares and other activities for the restoration of the 33 WTGs within a period of 8 months, with a revenue realisation of around Rs 39.5 crore (inclusive of taxes) during the contract period.
Inox Green Energy Services is one of the major wind power operations and maintenance (O&M) service providers within India. The Company is engaged in the business of providing long-term O&M services for wind projects.
