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Inox Wind bags order of 200 MW from NTPC Renewable Energy; Stock soars near 4%

3 Aug 2022 , 03:21 PM

Inox Wind, India’s leading wind energy solutions provider has secured an order for a 200 MW wind power project from NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited, to be commissioned Gujarat.
As per the filing, the Project will be executed on a turnkey basis at Dayapar site, Kutch District in the state of Gujarat and is scheduled to be commissioned by January 2024.
Commenting on the occasion, Kailash Tarachandani, CEO of Inox Wind, said, “We are excited to secure this major 200 MW project from NTPC; the largest order awarded by a PSU in the recent past. In the recent past, this is the second project awarded by NTPC to to the company, post a 150 MW order received last year. This reflects their faith in our capabilities and credentials.”
As part of this order, Inox Wind will supply and install DF 113/92 – 2.0 MW capacity Wind Turbine Generators with 113 meters rotor diameter and 92 meters hub height. 
Further, the common infrastructure facilities such as the 220 KV Pooling Substation at Dayapar and Extra High Voltage Transmission line has already been commissioned and thus the project will be executed with a shorter gestation period on a plug and play basis.
As part of the order, Inox Wind will provide operation and maintenance (O & M) for the project.” said Tarachandani.

At around 3:15 PM, Inox Wind Ltd is currently trading at Rs102 per share up by Rs3.7 or 3.76% from its previous closing of Rs98.30 per share on the BSE.

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