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INOX Wind soars on commissioning common power evacuation facilities in Gujarat

Mumbai : INOX Wind is currently trading at Rs. 72.80, up by 1.75 points or 2.49% from its previous closing of Rs. 70.35 on the BSE. The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 72.60 and Rs. 70.60 respectively. So far 5383 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 113.00 on 12-Sep-2018 and a 52 week low of Rs. 55.00 on 16-May-2019.

Last one week high and low of the scrip stood at Rs. 72.60 and Rs. 61.65 respectively. The current market cap of the company is Rs. 1561.19 crore. The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 7.69% and 17.31% respectively. INOX Wind has commissioned the common power evacuation facilities at Dayapar site in District Bhuj in the State of Gujarat. The common power evacuation systems for the wind park comprise of a 220 KV Sub-station, a 220 KV Double Circuit Transmission line and associated infrastructure.

This common infrastructure is capable of supporting power evacuation of over 600 MW. This will enable commissioning of projects won under various SECI auctions with state of the art 2 MW & 3.3 MW wind turbines. INOX Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.

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