Inox Wind gains over 2% on bagging new orders.

The stocks of Inox Wind surged over 2 per cent on early Monday trade on its bagging new orders for the supply and installation of wind turbine generators of 40 MW from retail customers spread across various industries.

The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka.

The contracts include supply and commissioning of 2 MW DFIG 113 meters rotor diameter Wind Turbine Generators (WTGs) as well as providing comprehensive operations and maintenance services for the lifetime of the project.

Inox Wind provides its customers with end to end integrated solutions for the entire wind power value chain. The orders are expected to be commissioned by March 2021.

HBL