This multibagger heavy electrical company bags 100 MW order for its 3.3 MW turbines!
The stock delivered impressive returns, surging 63 per cent in 1 year and astonishingly skyrocketing over 350 per cent in just 3 years.
Inox Wind Ltd, India’s leading wind energy solutions provider, has bagged an order for a 100MW wind power project from ABEnergia Renewables Pvt Ltd (ABEnergia), an Independent Power Producer. As part of the order, Inox Wind will supply and install state-of-the-art, new generation 3.3 MW wind turbine generators with 145 m rotor dia & 120 m hub height. The project will be executed on a turnkey basis at the Dayapar site in the Kutch district, Gujarat and is scheduled to be commissioned by 2024.
The necessary infrastructure facilities, including the 220 KV pooling substation at Dayapar and the extra high voltage transmission line have already been commissioned successfully, therefore the project will be executed on a plug-and-play basis. Additionally, as part of the agreement, Inox Wind will be responsible for comprehensive multi-year operation and maintenance (O&M) services for the project.
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On Thursday, shares of Inox Wind Ltd zoomed 4.51 per cent to Rs 149.40 per share with an intraday high of Rs 151 and an intraday low of Rs 1142.90. The shares of the company saw a spurt in volume by more than 2.19 times on BSE.
The stock delivered impressive returns, surging 63 per cent in 1 year and astonishingly skyrocketing over 350 per cent in just 3 years. Investors should keep an eye on this multibagger stock under the radar.