Inox Wind is making some breeze today, rising 5% to an intraday high at Rs.150, which is around 7% away from its 52-week high of Rs.160.40.
The stock price rose on news that the company 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.
This order is part of the larger hybrid capacity being developed by ABEnergia for its C&I customers and takes it one step closer towards our target of 1.5 GW of hybrid energy solutions.