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Inox Wind Shares Trade Lower Despite Securing Repeat Order for 210 MW Wind Project

The scope of the order comprises equipment supply with certain add-on services.

Shares of Inox Wind were trading in the red and 4% lower despite the company announcing receiving a recurring order from Hero Future Energies.

In its regulatory filing, the company said they have secured a repeat order from Hero Future Energies for the supply of 210 megawatts of wind turbine generators. As a part of the order, the company will supply its state-of-the-art wind 3-megawatt wind turbine generators.

The scope of the order comprises equipment supply with certain add-on services, including providing post-commissioning multi-year Operations & Maintenance (O&M) services.

Kailash Tarachandani, CEO of Inox Wind, said, “We are thrilled to announce a large repeat order of 210 MW from Hero Future Energies, a longstanding partner. This order reinforces the confidence in our 3MW WTGs, being one of the most efficient turbines in its class. The addition of this order further re-emphasises our growth outlook.”

With the company’s state-of-the-art 3-megawatt series wind turbine generator offering, the company’s manufacturing capacity stands at 2.5 gigawatts per annum.

Inox Wind is one of India’s leading wind energy solutions providers and provides services to IPPs, Utilities, PSUs & Corporate investors.

At 12:44 pm, the shares of Inox Wind were trading 1.87% higher at Rs 554.50 on NSE.

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