Stock Report

Inox Wind bags 100 MW order for its 3.3 MW turbines

Posted On : 2023-06-08 12:26:13( TIMEZONE : IST )

Inox Wind bags 100 MW order for its 3.3 MW turbines

Inox Wind, India's leading wind energy solutions provider, has bagged an order for a 100MW wind power project from ABEnergia Renewables Pvt Ltd (ABEnergia), an Independent Power Producer. As part of the order, Inox Wind will supply and install state-of-the-art, new generation 3.3 MW wind turbine generators with 145 m rotor dia & 120 m hub height. The project will be executed on a turnkey basis at Dayapar site in the Kutch district, Gujarat and is scheduled to be commissioned by 2024.

The necessary infrastructure facilities, including the 220 KV pooling substation at Dayapar and extra high voltage transmission line have already been commissioned successfully, therefore the project will be executed on a plug and play basis. Additionally, as part of the agreement, Inox Wind will be responsible for comprehensive multi-year operation and maintenance (O&M) services for the project.

ABEnergia is an end-to-end partner for renewable energy solutions across India. ABEnergia works as a smart energy platform that partners with commercial and industrial (C&I) consumers in India providing them with hybrid energy solutions that deliver sustainable and clean power and assist in reducing their carbon footprint.

On the signing of this order, Mr Ateesh Samant, COO of ABEnergia, said, "We are happy to partner with Inox Wind for developing this project with their latest 3.3 MW turbine. This order is part of the larger hybrid capacity being developed by ABEnergia for its C&I customers and takes us one step closer towards our target of 1.5 GW of hybrid energy solutions".

Commenting on the occasion Mr. Kailash Tarachandani, CEO of Inox Wind, said, 'This order re-emphasises not only the credentials of Inox Wind Limited as the leading wind energy solutions provider but also of the strong tailwinds that the sector is witnessing. This also paves the way for a strong growth trajectory that we have chartered out for us. I firmly believe that with the impetus in the sector and combined with our latest 3.3MW offering, IWL should grow manyfold from here on'.

Shares of Inox Wind Limited was last trading in BSE at Rs. 142.95 as compared to the previous close of Rs. 138.00. The total number of shares traded during the day was 139689 in over 3451 trades.

The stock hit an intraday high of Rs. 149.00 and intraday low of 133.40. The net turnover during the day was Rs. 19970120.00.

Source : Equity Bulls


InoxWind INE066P01011 OrderWin 100MW WindPowerProject ABEnergiaRenewables