06-11-2023 09:50 AM | Source: Accord Fintech
Inox Wind soars as its customer commissions 50 MW Dayapar Wind Energy Project Phase-I in Gujarat

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Inox Wind is currently trading at Rs. 225.65, up by 10.65 points or 4.95% from its previous closing of Rs. 215.00 on the BSE.

The scrip opened at Rs. 218.95 and has touched a high and low of Rs. 225.95 and Rs. 216.35 respectively. So far 60622 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 228.00 on 08-Aug-2023 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. 229.00 and Rs. 207.75 respectively. The current market cap of the company is Rs. 7007.89 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’s (IWL) customer -- NTPC Renewable Energy (NTPC REL) has successfully commissioned the first part capacity of 50 MW out of 150 MW Dayapar Wind Energy Project Phase-I at Dayapar, Bhuj, Gujarat. As part of the order, Inox Wind has supplied and installed 25 nos. DF 113/92 - 2.0 MW capacity Wind Turbine Generators (WTGs) with 113m rotor diameter and 92m hub height.

Further, as part of the order, Inox Wind, through its subsidiary Inox Green Energy Services, will provide comprehensive operation and maintenance (O&M) services for the lifetime of the project (25 years). Dayapar Wind is NTPC REL’s first project as well as the first capacity in India declared commercial under the new Indian Electricity Grid Code and General Network Access regime. Once Dayapar Wind complex is fully commissioned, it will add 450 MW to NTPC’s existing wind portfolio of 100 MW. NTPC, a key customer for whom Inox Wind is setting up 500 MW of wind capacity, currently has a pipeline of 20 GW+ of renewable energy capacity with a target to reach 60 GW by 2032.

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