INOX Wind soars on receiving LoI for developing 501.6 MW from Adani Green Energy

23 Jan 2019 Evaluate

INOX Wind is currently trading at Rs. 73.90, up by 2.45 points or 3.43% from its previous closing of Rs. 71.45 on the BSE.

The scrip opened at Rs. 72.20 and has touched a high and low of Rs. 74.50 and Rs. 72.20 respectively. So far 4445 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.95 on 01-Mar-2018 and a 52 week low of Rs. 70.50 on 22-Jan-2019.

Last one week high and low of the scrip stood at Rs. 75.80 and Rs. 70.50 respectively. The current market cap of the company is Rs. 1585.61 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 7.90% and 17.10% respectively.

INOX Wind has received a Letter of Intent (LoI) from Adani Green Energy, a part of the Adani group and India’s leading Independent Power Producer (IPP) to supply, erect and commission 501.6 MW of wind power projects, across projects won under SECI auctions.

The project is scheduled to be executed over the next 15 months at Kutch District in the state of Gujarat. INOX Wind will supply, erect and commission its latest 3.3 MW Wind Turbine Generators (WTGs) with 145 metre rotor dia and 100/120 metre hub height. These turbines will be amongst the highest rated turbines with the largest rotor dia to be made available in the Indian market.

INOX Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.

Inox Wind Share Price

609.15 -1.35 (-0.22%)
17-May-2024 16:01 View Price Chart
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