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Shares of a small company, Inox Wind, have seen a tremendous surge. Shares of the company rose over 11 percent to Rs 240 on Monday. Shares of Inox Wind hit a new 52-week high. The company’s share closed at Rs 215 on Friday. The sharp rise in Inox Wind’s shares has come on the back of a piece of good news. The company’s stock hit a 52-week low of Rs. is 89.60.
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Inox Wind, a wind energy solutions provider, said on Monday that its customer NTPC REL (NTPC Renewable Energy Limited) has announced the 150 MW Dayapar Wind Energy Project Phase-I at Dayapar, Bhuj, Gujarat. Of this, 50 MW of wind energy power capacity has been successfully commissioned. Inox Wind supplied and installed wind turbine generators with 113m rotor diameter and 92m hub height for this project.
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Inox Green Energy will provide operations and maintenance
Inox Green Energy Services, a subsidiary of Inox Wind, will provide operation and maintenance services for the project for 25 years. Inox says that Dayapar Wind is the first project of NTPC REL (NTPC Renewable Energy Limited). When fully operational, the Dayapar Wind Complex will add 450 MW of capacity to NTPC’s existing 100 MW wind portfolio.
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Shares of Inox Wind have gained 120% this year
Shares of Inox Wind have gained 120% so far this year. On January 2, 2023, the shares of the company at the beginning of the year were Rs. was at 109. Shares of Inox Wind on 6 November 2023 at Rs. 240 have been reached. Shares of the company have gained nearly 109% in the last 6 months. At the same time, the company’s shares have gained about 15% in the past one month.