Inox Wind bags repeat order for 279 MW for its 3 MW WTGs from a large C&I player

Inox Wind Limited (IWL), India's leading wind energy solutions provider, has bagged an order for 279 MW from a large C&I player. The order is for IWL's latest 3 MW Wind Turbine Generators (WTGs), and the scope comprises of a mix of equipment supply with limited scope EPC for 180 MW and end-to-end turnkey execution for 99 MW. Additionally, Inox Wind will also provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed by June 2025, with the WTGs being installed across Rajasthan and Gujarat. This repeat order is from a large C&I customer for which Inox Wind has already executed ~ 325 MW of orders till date.

Commenting on the occasion, Mr. Kailash Tarachandani, CEO of Inox Wind, said, "We are excited to announce a large order from a customer with whom we enjoy a longstanding relationship. This order highlights Inox Wind's strong capabilities in end-to-end turnkey wind projects as well as pure-play equipment supplies, as we move towards having an equal proportion of both in our consolidated order book going ahead. This repeat order is a testimony of our capabilities and credentials as a strong partner. I believe this order as well as our strong order inflow pipeline reinforces our commitment towards achieving substantial growth in execution and profitability in FY25 and beyond."

Shares of Inox Wind Limited was last trading in BSE at Rs. 452.70 as compared to the previous close of Rs. 458.50. The total number of shares traded during the day was 235242 in over 11021 trades.

The stock hit an intraday high of Rs. 475.00 and intraday low of 438.00. The net turnover during the day was Rs. 107062542.00.

Source : Equity Bulls

Keywords

InoxWind INE066P01011 OrderWin 279MW