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.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

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.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.