Inox Wind wins 250MW in the SECI-II central govt auction

India Infoline News Service | Mumbai | October 06, 2017 11:34 IST

Inox Wind has won 250MW in the SECI-II auction, representing a 25% market share.

Inox Wind has won 250MW in the SECI-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 300MW order win from the SECI-I auction held earlier in the year. This win enhances the company’s auction-based order book to 550MW.

Inox Wind would be developing the SECI-II project in the Kutch region in the state of Gujarat. The project would be executed over the next 12 months. Inox Wind will supply, erect and commission its advanced 2MW Wind Turbine Generators of 120m hub height and 113m rotor diameter. The 113m rotor diameter WTG has one of the highest swept areas that make it ideally suited to maximise returns, even in low wind areas. The company’s Kutch site would become one of the largest wind farms in India post execution of capacities expected to be won in future rounds of SECI and state auctions. Inox Wind will be responsible for the development and construction to commissioning and will provide long-term operations and maintenance services.

The company is confident of scaling up it's auction-based order book as it witnesses more SECI & state wind auctions taking place in the coming months.

Inox Wind Ltd is currently trading at Rs 116, up by Rs 3.45 or 3.07% from its previous closing of Rs 112.55 on the BSE. The scrip opened at Rs 112.5 and has touched a high and low of Rs 116.8 and Rs 111.05 respectively. So far 225153(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2497.69 crore.
BSE 114.60 2.15 (1.91%)
NSE 114.80 1.95 (1.73%)

***Note: This is a NSE Chart

 

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