Inox Wind wins 250 MW in SEC-II auction

India Infoline News Service | Mumbai | October 06, 2017 12:05 IST

The shares of Inox Wind advanced by over 1% during Thursday’s trading session after the company announced that it has won 250 MW in the SEC-II auction representing a 25% market share.

The shares of Inox Wind advanced by over 1% during Thursday’s trading session after the company announced that it has won 250 MW in the SEC-II auction representing a 25% market share.
 
The bid was won at a fixed price of Rs 2.65 per unit for 25 years. This win is on back of the 300 MW order win from the SEC-I auction held earlier in the year. This win enhances the company’s auction-based order book to 550 MW.
 
The company would be developing the SEC-II project in the Kutch region in the state of Gujarat. The project would be executed over the next 12 months.
 
The company will supply, erect and commission its advanced 2MW Wind Turbine Generators (WTGs) of 120m hub height and 113m rotor diameter.
 
The stock was trading up by 1.55% at Rs 114 per share on BSE at 1123 hours. The stock opened at Rs 112.50 per share. The stock touched its intraday high and low at Rs 115.50 and Rs 111.05 per share, respectively.
BSE 113.00 [1.60] ([1.40]%)
NSE 113.15 [1.75] ([1.52]%)

***Note: This is a NSE Chart

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