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Green Energy stock engaged in the business of manufacturing and sale of wind turbine generators and providing EPC services related to it, jumped 3 percent in the day’s trade upon signing a binding framework agreement for 1500 MW wind capacity with CESC Limited. 

With a market capitalization of Rs. 17,836.61 Crores, the shares of Inox Wind India Limited were trading at Rs. 544.80, up 0.49 percent from its previous day’s close price of Rs. 542.12. It has delivered multibagger returns of 494 percent in a year. 

Inox Wind India Limited has entered into a binding framework agreement with CESC Limited for the installation/supplies of 1,500 MW of wind capacity over the next 3-4 years. 

The deal is for Inox Wind India Limited’s latest DF/3000/145 Wind Turbine Generators (WTGs), each having a minimum capacity of 3.3 MW. The scope of the agreement comprises a mix of end-to-end turnkey execution for 1,000 MW and equipment supply with a limited scope EPC for 500 MW. 

Additionally, Inox Wind India Limited’s subsidiary, Inox Green Energy Services Limited will provide post-commissioning, multi-year operations & maintenance (O&M) services. This is also by far the single largest order signed for a wind project in India by any Wind OEM. 

Inox Wind India Limited is engaged in the business of manufacturing and sale of wind turbine generators (WTG’s) and offering Erection, procurement, and commissioning (EPC) services, operations and maintenance (O&M) services, and many more related to wind energy. 

Written by Bharath KS

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