Inox Wind bags 40 MW power project from Malpani Group.

Inox Wind recently said it has bagged repeat orders from the Malpani Group for 40 MW wind power projects in Gujarat.

In a BSE filing, Inox Wind said it “has bagged repeat orders from D J Malpani for two wind power projects of 20 MW each in Gujarat... The two orders will be executed on turnkey basis and are scheduled to be commissioned by March 2017”.

It further said: “The orders involve supply and installation of 20 units of Inox Wind’s latest offering, the 113-meter rotor dia Wind Turbine Generator”.

Inox Wind said as part of the turnkey projects, it will provide end-to-end solutions from development and construction to commissioning. Inox has also been contracted to undertake operations and maintenance services of the projects for a multi-year period, post commissioning.

Malpani Group is a diversified business house with a presence in renewable energy, FMCG products and real estate.

Shares of Inox Winds were trading 1.56 per cent lower at Rs. 221.50 on the BSE.

HBL