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Inox Wind has been given a Letter of Intent (LoI) to carry out a 50 MW ISTS connected wind power project by NLC India, a Navratna CPSU. The project includes the supply, installation, and commissioning of DF 113/92 - 2.0 MW capacity Wind Turbine Generators (WTGs) by Inox Wind. Additionally, the company will provide extensive operations & maintenance (O&M) services for over 10 years after commissioning. This project will take place at the Dayapar site in Kutch district of Gujarat.
Inox Wind is a wind energy solutions provider in India, catering to IPPs, Utilities, PSUs, and Corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum.
On a consolidated basis, Inox Wind’s net loss narrowed to Rs 24.12 crore in Q2 September 2023 as against net loss of Rs 132.87 crore in Q2 September 2022. Net sales zoomed 246.04% YoY to Rs 370.64 crore in Q2 September 2023.
Shares of Inox Wind dropped 2.99% to Rs 494.90 on 8 January 2024.
The stock has soared 52% in one month, 151% in three months and 360% in one year.
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