As part of this deal, Inox Wind will also provide long term operations and maintenance services.
Shares of Inox Wind rose more than 6 percent intraday on October 16 after the company signed an additional deal with Adani Green Energy.
The company in its press release said it has closed a deal for sale of a 50 MW wind power project at Dayapar, Kutch in the state of Gujarat in which Adani will be the strategic investor.
This project is part of the capacity won under SECI bids for wind power projects connected on the central grid.
These 2 MW Wind Turbines have one of the highest swept areas that make it ideally suited to maximize returns in low wind areas.
This Kutch site would become one of the largest wind farms in India, post-execution of capacities won in different rounds of SECI & state auctions, it added.
The company has already commissioned 166 MW of wind projects for Adani and this new deal has been signed by Adani reposing their confidence in Inox Wind.
As part of this deal, Inox Wind will also provide long term operations and maintenance services.At 0940 hrs, Inox Wind was quoting at Rs 33.25, up Rs 1.60, or 5.06 percent on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.