Inox Wind's subsidiary transfers one of its SPV to Torrent Power Limited

Inox Wind, one of India's leading wind energy solutions provider, through its subsidiary arm, Inox Green Energy Services Limited (IGESL) has sold the entire equity shareholding held in Wind Two Renergy Private Limited, a special purpose vehicle (SPV) which commissioned 50 MW, out of the total 250 MW which it had successfully won under the Tranche 1 of Solar Energy Corporation of India Limited's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid, to Torrent Power Limited, a part of the Torrent Group. IGESL shall provide long term operations and maintenance services for this project.

Inox Wind through its SPV had supplied, erected and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) of 92m Hub height & 113m Rotor diameter as part of 50 MW project.

Shares of Inox Wind Limited was last trading in BSE at Rs. 88.55 as compared to the previous close of Rs. 86.50. The total number of shares traded during the day was 30670 in over 1722 trades.

The stock hit an intraday high of Rs. 89.90 and intraday low of 85.00. The net turnover during the day was Rs. 2686294.00.

Source : Equity Bulls

Keywords

InoxWind INE066P01011 StakeSale TorrentPower WindPowerProject