Inox Wind share jumps 3% on 200 MW order win

Inox Wind’s share price increased by 5% during the market’s opening on July 9, 2024, after the renewable energy solutions supplier announced a major order. According to an exchange filing, Inox Wind has received a 200-MW order from a large renewable C&I power producer. This order is for Inox Wind’s newest 3 MW Wind Turbine Generators (WTGs) and it includes full turnkey execution as well as multi-year operations and maintenance (O&M) services post-commissioning.

At 9:51 on July 9, Inox Wind’s stock price was up 3% on the BSE, suggesting a positive trading day. According to BSE, the company has a market capitalization of ₹21,310.51 crore.

The project, which will be executed in Gujarat and Rajasthan, is a significant addition to Inox Wind’s order book.

CKailash Tarachandani, the CEO, expressed excitement about the 200 MW huge turnkey order. “Inox Wind continues to be a preferred partner for renewable project developers given our capabilities and credentials to deliver large-scale wind projects. This, along with our existing order book and strong order pipeline, reinforces our commitment towards achieving substantial growth in FY25 and beyond,” Tarachandani stated.

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