Company News: Inox Wind

| Updated on March 08, 2018 Published on March 08, 2018

Inox Wind on Thursday said it has won a 50 MW project in the Maharashtra auctions concluded recently at a fixed tariff of ₹2.86 a unit for 25 years. The company had earlier won orders for 300 MW in SECI-1, 300 MW in SECI-2 and 200 MW in SECI-3 auctions, it said in a release to the stock exchanges. The 50 MW project will be executed over 12-15 months. Inox Wind will be responsible for the development, construction and commissioning, and will provide long-term operations and maintenance services, it said. This enhances its auction-based order book to 850 MW, which makes it the sectoral leader. Shares of Inox Wind closed at ₹121.85, down 2.05 per cent, on the BSE.

Published on March 08, 2018
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