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Inox Wind gains 5% on bagging power project from ReNew Power

The project is scheduled to be commissioned by January 2020.

November 04, 2019 / 09:33 AM IST
 
 
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Shares of Inox Wind rose 5 percent in early trade on November 4 after the company won an order from ReNew Power.

The company in its press release said that it has bagged an order for a 38 MW wind power project to be developed at Anjar in the State of Gujarat from ReNew Power Limited under the SECI – 2 regime.

The project is scheduled to be commissioned by January 2020.

The order comprises of supply of 19 units of Inox Wind’s state-of-the-art 2 MW 113-metre rotor diameter turbine combined with 92-metre hub height.

The DF 113/92 model is specifically designed for low wind regime (low wind power density sites) typical of the Indian Market.

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ReNew Power is already an existing customer of Inox Wind with an installed capacity of 236 MW supplied by Inox Wind spread across multiple wind-rich states of India, the company said.

At 0919 hrs, Inox Wind was quoting at Rs 36.30, up Rs 1.70, or 4.91 percent on the BSE.
Moneycontrol News
first published: Nov 4, 2019 09:33 am
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