Inox Wind's Share Price Surges 5% Following Wind Power Project Victory

Inox Wind’s stock rose 5% in morning trade on June 8 after securing a 100-MW wind power project order from ABEnergia Renewables. The order includes the supply and installation of 3.3 MW wind turbine generators for the project in Dayapar, Gujarat.

The project is set to be commissioned by 2024 and will be executed on a turnkey basis. Infrastructure facilities, such as the pooling substation and transmission line, have already been commissioned, making it a plug-and-play project.

Inox Wind will also be responsible for multi-year operation and maintenance services as part of the agreement. The stock’s 52-week high was Rs 160.40 on September 16, 2022, while the 52-week low was Rs 75.40 on July 1, 2022.

At the time of writing, the stock was trading at Rs.147.75 on BSE, at a 3.36% higher rate than the previous day’s close.

For feedback and suggestions, write to us at editorial@iifl.com