Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, has secured a substantial order of 279 megawatts from a major C&I player. This order is for IWL’s latest 3-MW Wind Turbine Generators (WTGs) and includes a mix of equipment supply with limited scope EPC for 180 MW and complete end-to-end turnkey execution for 99 MW.

Inox Wind’s Expanding Services

In addition to this, Inox Wind will also be offering multi-year operations and maintenance (O&M) services post the commissioning of the project. The project is scheduled to be completed by June 2025, with the WTGs to be installed across Rajasthan and Gujarat. This repeat order is a testament to the trust and reliability that Inox Wind has built with its clients, having already executed 325 MW of orders for this large C&I customer to date.

About Inox Wind Limited

Inox Wind Limited is part of the Inox Group and specializes in the manufacturing of Wind Turbine Generators (WTGs). The company serves IPPs, utilities, PSUs, corporations, and retail investors, offering end-to-end turnkey solutions in the wind energy market.

The company boasts a market cap of over Rs 15,000 crore and has demonstrated a strong performance with a 3-year stock price CAGR of 100 percent. As per the shareholding pattern as of September 2023, the promoters own 64.64 percent, FIIs own 3.48 percent, DIIs own 6.54 percent, and the remaining 25.34 percent is held by the general public. The company’s order book stands at 1,276 MW as of September 2023.

Stock Performance

Today, shares of Inox Wind Ltd surged 6 percent to an intraday and 52-week high of Rs 479.95 per share from its previous closing of Rs 452.70 per share. At the closing bell, the shares were trading at Rs 465.25 per share, up by 2.77 percent.

The stock has delivered impressive returns, surging 210 percent in 6 months, 350 percent in 1 year, and a whopping 700 percent in 3 years. This makes Inox Wind Ltd a multibagger stock that investors should keep on their radar.

Disclaimer: This article is for informational purposes only and is not intended as investment advice.

📰 Latest News For You. 👇

Something went wrong. Please refresh the page and/or try again.

Providing most accurate Delhi NCR, National and Stock Market, Automobile stuffs since 2014. Experience in Journalism with 12 Years and Awarded by 4 Journalism HONORS in career. Putting best effort to provide most reliable news point.