Inox Wind jumps on receiving LoI from IGREL Renewables
Inox Wind is currently trading at Rs. 250.15, up by 5.40 points or 2.21% from its previous closing of Rs. 244.75 on the BSE.
The scrip opened at Rs. 248.30 and has touched a high and low of Rs. 258.30 and Rs. 241.85 respectively. So far 1562226 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 258.30 on 18-Sep-2024 and a 52 week low of Rs. 47.06 on 25-Sep-2023.
Last one week high and low of the scrip stood at Rs. 258.30 and Rs. 237.80 respectively. The current market cap of the company is Rs. 32692.63 crore.
The promoters holding in the company stood at 48.27%, while Institutions and Non-Institutions held 23.11% and 28.61% respectively.
Inox Wind (IWL) has received a Letter of Intent (LoI) from IGREL Renewables (IGREL) for execution of 550 MW wind capacity on turnkey basis. As part of the project, Inox Wind will supply, install and commission the Wind Turbine Generators (WTGs), and provide multi-year comprehensive operations & maintenance (O&M) services post commissioning. The project will be executed over the next 24 months across multiple sites in the states of Gujarat, Rajasthan and Madhya Pradesh. The 550 MW LoI is over and above the firm order of 200 MW received in the past, and takes the company's order book to greater than 3.5 GW.
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.
