The orders are expected to be commissioned by March 2021. The company said it has further strengthened its order book with the fresh orders.
Shares of Inox Wind are up 5% in two sessions. The wind turbine maker reported a consolidated net loss of Rs 73.27 crore in Q1 June 2020, higher than net loss of Rs 14.27 crore in Q1 June 2019. The company's net sales declined 63% to Rs 96.67 crore in Q1 June 2020 over Q1 June 2019.
Inox Wind is a fully integrated player in the wind energy market with three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh. Inox Wind's manufacturing capacity stands at 1,600 MW per annum.