Inox Wind Receives New Orders for 62 MW Wind Turbine Generators

Inox Wind Receives New Orders for 62 MW Wind Turbine Generators

GJ Industry Review Team

Wind energy service provider Inox Wind has received fresh orders for the supply and installation of wind turbine generators of 62 MW. The company has got the orders from IPPs and retail customers spread across various industries. The contract has been done for third party sales and captive consumption.

The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka, the company said in an exchange filing. "The contracts include supply and commissioning of 2 MW DFIG 113 meters rotor diameter Wind Turbine Generators (WTGs) as well as providing comprehensive operations and maintenance services for the life time of the project. Inox Wind provides its customers with end to end integrated solutions for the entire wind power value chain," it said.

The orders are expected to be commissioned by September 2021. The company, which enjoys one of the largest order books in the industry, has further strengthened its order book with fresh orders, it added.

The company’s stock was trading at Rs 70.05, up Rs 2.00, or 2.94 percent at 09:29 hours. It has touched an intraday high of Rs 71.10 and an intraday low of Rs 69.65. The total income of the company rose to Rs 209.44 crore in the quarter ended December 2020 from Rs 179.76 crore a year ago, the company said in a BSE filing.  

Read More

FICCI State Council Calls for Vaccination of Private Sector Workers

Johnson Controls-Hitachi Air Conditioning India to Open One-stop Shop in Ahmedabad