09-01-2024 11:05 AM | Source: Accord Fintech
Inox Wind gains on receiving LoI for 50 MW wind project from NLC India

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Inox Wind is currently trading at Rs. 499.00, up by 4.10 points or 0.83% from its previous closing of Rs. 494.90 on the BSE.

The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 512.20 and Rs. 495.55 respectively. So far 18691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 540.00 on 03-Jan-2024 and a 52 week low of Rs. 89.60 on 06-Feb-2023.

Last one week high and low of the scrip stood at Rs. 540.00 and Rs. 459.15 respectively. The current market cap of the company is Rs. 16189.86 crore.

The promoters holding in the company stood at 64.64%, while Institutions and Non-Institutions held 10.02% and 25.33% respectively.

Inox Wind (IWL) has received a Letter of Intent (LoI) for executing a 50 MW ISTS connected wind power project on a turnkey basis from NLC India, a Navratna CPSU. As part of the project, Inox Wind will supply, install and commission its DF 113/92 - 2.0 MW capacity Wind Turbine Generators (WTGs), and provide comprehensive operations & maintenance (O&M) services for over 10 years post commissioning. The project will be executed at the mega Dayapar site in Kutch district of Gujarat. 

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