Inox Wind share price was up marginally in the early trade on November 12 after the company received a repeat turnkey order for 87 MW from Continuum Green Energy for its 3 MW class WTGs.
At 09:19am, Inox Wind was quoting at Rs 205.55, up Rs 0.85, or 0.42 percent, on the BSE.
The said order will be executed on an end-to-end turnkey basis in the states of Gujarat and Rajasthan.
Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services.
The addition of this order takes the total cumulative orders from Continuum to ~ 700 MW, and IWL’s orderbook to >3.4 GW, the highest ever in its history, company said.
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"We are delighted to announce yet another order from Continuum, an esteemed customer with whom we enjoy a very strong partnership. Our state-of-the-art 3 MW turbines and our exceptional turnkey wind capabilities continue to be strongly preferred by project developers," said Kailash Tarachandani, Group CEO, Inox Wind.
"While our orderbook is the highest ever, we are witnessing strong demand from customers across the spectrum as most developers are now working on hybrid / round-the-clock / FDRE solutions, comprising of a high proportion of wind capacity," he added.
The company had reported 161 percent jumped in its net profit at Rs 25.67 crore for the quarter ended September 2024 against Rs 41.92 crore in September 2023.
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