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Inox Wind Shares Hit 52-Week High on Securing Largest Wind Project Order

This is the country's largest wind order by any wind original equipment manufacturer.

Shares of Inox Wind hit a 52-week high of Rs 578.80 on 8 February after the company signed an agreement to install a 1,500-megawatt wind power utility with CESC limited for a period of the next three to four years.

In its regulatory filing, the company said that this is the country’s largest wind order by any wind original equipment manufacturer.

The filing added, “The deal is for Inox Wind’s latest DF/3000/145 wind turbine generators, each having a minimum capacity of 3.3 megawatt.”

The scope of the work agreement includes executing 1,000 megawatts and equipment supply with a limited scope EPC for 500 megawatts. Furthermore, the subsidiary of the company, Inox Green, will provide post-commissioning multi-year operations and maintenance services.

Kailash Tarachandani, CEO of Inox Wind, said, “This is a pivotal moment in Inox Wind’s history as we announce today the signing of India’s largest wind project deal for 1,500 MW with CESC.”

Kailash added that through this project, the company aims to provide its wind energy solutions expertise by partnering with CESC as it moves ahead to achieve its green ambitions, and this agreement is a testament to the company’s strengths and project delivery capabilities.

At 12:30 pm, the shares of Inox Wind were trading 1.35% higher at Rs 579.95 on NSE.

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