The share price of Inox Wind increased by 11% in early trading on Tuesday, August 13, after the announcement of a 51 MW equipment supply contract from Everrenew Energy. This deal shows the rising demand for Inox Wind’s 3 MW turbines and strengthens its position in the renewable energy market.
The order is for the supply of the latest 3 MW Wind Turbine Generators (WTGs) from Inox Wind along with multi-year operations and maintenance (O&M) services following commissioning. The project will be carried out in Tamil Nadu.
Inox Wind CEO Kailash Tarachandani said, “We are pleased to receive a 51 MW order from Everrenew, an esteemed customer with whom we aim to build a mutually fruitful partnership going ahead. We are glad to witness the strong preference for our turbines and services by project developers, and we continue to make our contribution as India surges ahead to achieve its renewable capacity targets.”
As of 10:26 am, Inox Wind shares were trading 8.85% higher at Rs 227.00 on the NSE.
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