Shares of Inox Wind Ltd remained largely steady on Wednesday, trading around Rs 165, shortly after the company announced it had won a 51 MW order from First Energy Pvt Ltd, a subsidiary of the Thermax Group. This is the first time First Energy has placed an order with Inox Wind, marking an important step in their partnership.
The order involves supplying 3 MW wind turbine generators with a hub height of 140 metres and rotor diameter of 145 metres, to be installed at a project site in Tamil Nadu. The project is being developed through First Energy’s special purpose vehicle, First Energy 10 Private Limited.
Beyond turbine supply, the contract also covers limited EPC services, including project supervision, and a multi-year operations and maintenance (O&M) agreement post-commissioning. These services will be managed by Inox Wind’s subsidiaries, ensuring ongoing support and performance.
Inox Wind Stock Movement Today
Despite the positive news, Inox Wind’s stock saw only a slight change, with shares hovering near Rs 165.94 at market closing, reflecting a cautious market sentiment. Trading volumes were healthy, with over 19 lakh shares exchanging hands, generating a turnover of around Rs 31.7 crore.
Over the last month, the stock has inched up by 0.85 per cent, while it faced a minor setback of 0.5 per cent over the past week.
CEO Sanjeev Agarwal on the Deal
“Inox Wind is proud to partner with First Energy to help scale up their renewable energy solutions,” said Sanjeev Agarwal, CEO of Inox Wind. “Our comprehensive solutions across the wind energy value chain make us the partner of choice for many large renewable energy developers, supporting India’s transition to cleaner power.”
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