INOX Wind soars on receiving LoI for growing 501.6 MW from Adani Green Energy

INOX Wind soars on receiving LoI for growing 501.6 MW from Adani Green Energy

by admin- Wednesday, January 23rd, 2019 04:41:49 PM

INOX Wind is currently trading at Rs. Seventy three.Ninety, up through 2.Forty five points or three.Forty three% from its previous ultimate of Rs. 71.45 on the BSE.

The scrip opened at Rs. Seventy two.20 and has touched a excessive and occasional of Rs. 74.50 and Rs. Seventy two.20 respectively. So some distance 4445 shares have been traded at the counter.

The BSE group ‘A’ inventory of face price Rs. 10 has touched a fifty two week excessive of Rs. 139.Ninety five on 01-Mar-2018 and a 52 week low of Rs. 70.50 on 22-Jan-2019.

Last one week excessive and low of the scrip stood at Rs. 75.Eighty and Rs. 70.50 respectively. The present day marketplace cap of the agency is Rs. 1585.Sixty one crore.

The promoters keeping in the organization stood at seventy five.00%, even as Institutions and Non-Institutions held 7.Ninety% and 17.10% respectively.

INOX Wind has received a Letter of Intent (LoI) from Adani Green Energy, a part of the Adani institution and India’s main Independent Power Producer (IPP) to supply, erect and commission 501.6 MW of wind electricity projects, throughout projects won beneath SECI auctions.

The venture is scheduled to be finished over the next 15 months at Kutch District in the state of Gujarat. INOX Wind will deliver, erect and commission its modern 3.Three MW Wind Turbine Generators (WTGs) with one hundred forty five metre rotor dia and a hundred/a hundred and twenty metre hub peak. These mills will be amongst the very best rated turbines with the largest rotor dia to be made available in the Indian market.

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