Shares of Inox Wind Ltd have been buying and selling within the inexperienced and 1% larger on 23 July after the corporate introduced securing a 51 megawatt (MW) order from First Power.
In its regulatory submitting, the corporate mentioned, “Inox Wind. has bagged a 51 MW order from First Power (FEPL), for the provision of the corporate’s 3 MW class generators having 140-meter hub peak and rotor diameter of 145 meters.”
By means of its SPV First Power 10 Personal Restricted, First Power will set up these generators on the undertaking website it’s growing in Tamil Nadu.
The scope of the order additionally covers restricted scope EPC companies for the undertaking, together with supervision, and multi-year operations and upkeep (O&M) companies after the WTGs are commissioned. These companies shall be carried out by IWL subsidiaries.
The corporate’s board of administrators authorised the issuance of fairness shares with a face worth of Rs 10 every to eligible fairness shareholders as of the report date with a purpose to increase funds for a most of Rs 1,250 crore throughout its 17 July assembly.
Nonetheless, at 12:08 pm, the shares of Inox Wind shed all their early good points and have been buying and selling 0.54% decrease at Rs 164.78 on NSE.
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