Inox Wind’s share price saw a slight rise in early trading on November 12 after securing a repeat order of 87 MW from Continuum Green Energy for its advanced 3 MW class wind turbines.
By 9:19 am, Inox Wind was trading at Rs 205.55 on the BSE, reflecting a marginal gain of 0.42 percent. The project, to be executed on a turnkey basis, will cover installations across Gujarat and Rajasthan, with Inox also handling multi-year operations and maintenance services after commissioning.
With this latest order, the partnership with Continuum Green Energy now totals approximately 700 MW, pushing Inox Wind’s overall order book beyond 3.4 GW, marking its highest order level to date.
“We are thrilled to secure another project from Continuum, further strengthening our valued partnership. Our high-capacity 3 MW turbines remain a top choice for developers aiming for robust, sustainable projects,” said Kailash Tarachandani, Group CEO of Inox Wind.
Inox Wind reported a significant 161 percent increase in net profit, reaching Rs 25.67 crore for the quarter ending September 2024, compared to Rs 41.92 crore a year earlier.
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Source: Moneycontrol
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