Inox Wind receives LoI for 50 MW wind project from NLC India Limited

Inox Wind Limited (IWL), India's leading wind energy solutions provider, has received a Letter of Intent (LoI) for executing a 50 MW ISTS connected wind power project on a turnkey basis from NLC India Limited, a Navratna CPSU. As part of the project, Inox Wind will supply, install and commission its DF 113/92 - 2.0 MW capacity Wind Turbine Generators (WTGs), and provide comprehensive operations & maintenance (O&M) services for over 10 years post commissioning. The project will be executed at the mega Dayapar site in Kutch district of Gujarat.

Commenting on the occasion, Mr. Kailash Tarachandani, CEO of Inox Wind, said, "This project from NLC India reinforces Inox Wind's strong credentials as a comprehensive wind energy solutions provider in the Indian market. Our robust relationships across PSUs, IPPs, C&I and retail customers, as well as our varied product and service offerings with plug-and-play turnkey solutions, place us at a unique position to deliver value for our customers. As India moves towards achieving its renewable energy capacity targets, Inox Wind continues to play an important role, and stands at a formidable position to deliver significant growth and profitability going ahead."

Shares of Inox Wind Limited was last trading in BSE at Rs. 494.90 as compared to the previous close of Rs. 510.15. The total number of shares traded during the day was 330429 in over 12588 trades.

The stock hit an intraday high of Rs. 509.60 and intraday low of 459.15. The net turnover during the day was Rs. 159034956.00.

Source : Equity Bulls

Keywords

InoxWind INE066P01011 OrderWin LoI 50MW WindProject NLCIndia