Today, Inox Wind announced that it had bagged cumulative orders worth over Rs. 2,000 crores for the supply and installation of wind turbine generators of 350 megawatts (MW). Inox Wind is the wind energy solutions provider. With this order, Inox Wind share price surged by over 6% and traded at the intraday high of Rs. 212.90.
In the BSE filing, Inox Wind declared that it had got fresh orders for the supply and installation of wind turbine generators of 350 MW in total to several recurring customers. The orders cumulatively are worth more than Rs. 2,000 crore.
The company also said that the repeat orders from some of the nation’s leading independent power producers and corporate further strengthen Inox Wind’s leadership position in the Indian wind market.
The projects will be carried out on a turnkey basis across locations in Gujarat, Andhra Pradesh, and Karnataka. The contracts comprise supply and commissioning of wind turbines along with the multi-year operations and maintenance agreements. The orders are likely to be commissioned by March 2017.
Today, Inox Wind share price opened at Rs. 206.90, higher than its previous close of Rs. 200.25.
Meanwhile, the stock closed at Rs. 209.15. A total of 4.6 lakh shares were traded over the NSE counter in comparison to the twenty-day trading average of 9 lakh shares. The lifetime high of the stock is Rs. 494.40 made on 17th April 2015 while the 52 weeks high is registered at 411.40 on 26th October 2015. The lifetime low of Inox Wind share price and its 52 weeks low as well is Rs. 163 on 6th September 2016. The monthly return stands at 8.53%. Inox Wind is the top 500 stock identified by Dynamic Levels for the quarter. For the details on the stock, visit Inox Wind share price history page of Dynamic Levels website.
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