New Delhi (Udaipur Kiran). Inox Wind inched higher in Tuesday’s trade after the company announced that it has entered into an exclusive Memorandum of Understanding (MoU) with KP Energy to jointly develop 2.5 GW of wind and wind–solar hybrid projects across multiple Indian states.
The stock was trading at ₹141.70 on the BSE, up 0.57 per cent from its previous close of ₹140.90. The scrip opened at ₹140.30 and moved between a high of ₹142.40 and a low of ₹139.40. Around 1,13,740 shares changed hands during the session. The company’s 52-week range stands between ₹210.81 (3 December 2024) and ₹128.38 (28 January 2025). Its market capitalisation is ₹24,540.98 crore. Promoters hold 44.18 per cent, while institutional and non-institutional investors hold 23.11 per cent and 32.71 per cent respectively.
Under the MoU, Inox Wind and its subsidiaries will supply wind turbine generators, provide engineering support—including USS design, transformer specifications and foundation design—and handle pre-commissioning, commissioning and O&M of wind turbine generators. KP Energy will manage project development tasks such as obtaining connectivity, securing land and right-of-way, statutory approvals, and executing Balance of Plant and EPC works. KPE will also oversee O&M of the project’s Balance of Plant.
The collaboration aims to leverage the strengths of both companies to ensure efficient and high-quality execution of upcoming wind and hybrid renewable energy projects.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
