Inox Wind shares surge after securing 200 MW order for new wind turbines

By Aditya Bhagchandani Published on July 9, 2024, 10:37 IST

Inox Wind Limited (IWL), a leading wind energy solutions provider in India, saw its shares surge after securing an order for 200 MW from a renewable C&I power producer. This order involves IWL’s latest 3 MW Wind Turbine Generators (WTGs) and includes end-to-end turnkey execution as well as post-commissioning multi-year operations and maintenance services. The project will be carried out in Gujarat and Rajasthan.

Commenting on the development, CEO Kailash Tarachandani expressed satisfaction with the large turnkey order, highlighting Inox Wind’s strong capabilities and credentials in delivering large-scale wind projects. He noted that this new order, along with the existing order book and strong pipeline, reinforces the company’s commitment to substantial growth in FY25 and beyond.

As of 10:23 am, Inox Wind shares were trading 1.85% higher at ₹161.08.

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.