Inox Wind-led arm transfers SPV on successful commissioning of 50 MW of SECI -1; stock zooms ~3%

1 Aug 2022 , 09:37 AM

Inox Wind Limited, one of India’s leading wind energy solution providers, informed that its arm Inox Green Energy Services Limited (IGESL) sold the entire equity shareholding in Wind Two Renergy Private Limited, a special purpose vehicle (SPV) that commissioned 50 MW of the total 250 MW that it had successfully won under Tranche 1 of Solar Energy Corporation of India Limited’s (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the grid.

IGESL will be providing long-term operations and maintenance services for this project.

As part of a 50 MW project, Inox Wind supplied, erected, and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) with 92m Hub height and 113m Rotor diameter via its SPV.

At around 9.40 AM, Inox Wind was trading at Rs91 up by Rs2.45 or 2.77% from its previous closing of Rs88.55 on the BSE. The scrip opened at Rs91 and has touched intraday high and low of Rs91.90 and Rs89.90 respectively.