Inox Wind Gains 2% on Winning 50 MW Wind Power Project from NLC India

9 Jan 2024 , 12:24 PM

Inox Wind shares surge 2% in opening trade on January 9 following the company’s wind power project award from NLC India.

At the current writing, Inox Wind is trading at Rs 498.70, marking a 0.80% increase on the BSE.

The company secures a Letter of Intent for a 50 MW ISTS-connected wind power project from NLC India Limited.

The project involves the supply, installation, and commissioning of Inox Wind’s DF 113/92 – 2.0 MW capacity Wind Turbine Generators (WTGs), along with a 10-year comprehensive operations and maintenance (O&M) service.

The project will be located at the Dayapar site in the Kutch district of Gujarat.

In December, Inox Wind previously won a 279-MW project order from a large commercial and industrial player.

Inox Wind’s 52-week high stands at Rs 540.00, reached on January 3, 2024, while the 52-week low is Rs 89.60, recorded on February 6, 2023.

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