Inox Wind shares soar over 12% on bagging first-ever 153 MW order for Tamil Nadu project

Inox Wind shares soared 12.45% to their day’s high of Rs 172.20 on the BSE in intraday trade on Friday after the company announced that it received its first-ever order for 153 MW from a leading renewable energy player for a project in Tamil Nadu.

“Inox Wind Limited (IWL), India’s leading wind energy solutions provider, announced today that it has bagged a 153 MW order from a leading renewable energy developer, which is a member of a large global clean energy company. This order is for the supply of IWL’s 3 MW class turbines for a project being developed by the company in Tamil Nadu” the company said in a regulatory filing.

Additionally, IWL will provide limited scope EPC for the project as well as multi-year operations & maintenance (O&M) services post the commissioning of the turbines, the exchange filing further informed.


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“We are delighted to announce a large 153 MW order from one of the leading renewable energy players in India, adding another strong customer to our well diversified and large orderbook. As India’s burgeoning commercial & industrial (C&I) market continues to grow at a rapid pace, Inox Wind’s expertise in wind project execution, backed by a robust product and servicing excellence, continues to place it as a partner of choice for large renewable project developers,” said Kailash Tarachandani, Group CEO of Inox Wind while commenting on the update.

Inox Wind share price history
Over the past year, the shares of Inox Wind have witnessed a gain of 29.52%. Looking at the year-to-date (YTD) figure, there stock has seen a loss of 9.39%. In the last six months, the share price has decreased by 24.90%, while in the last three months, it has dropped by 18.23%.

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