/ Inox Wind Gains On Winning 100 MW order in SECI-4 Auction ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 9 April 2018

Inox Wind is currently trading at Rs. 115.90, up by 0.25 points or 0.22% from its previous closing of Rs. 115.65 on the BSE.

The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 119.00 and Rs. 115.60 respectively. So far 33973 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 208.70 on 21-Apr-2017 and a 52 week low of Rs. 100.00 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 119.00 and Rs. 108.20 respectively. The current market cap of the company is Rs. 2572.03 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 7.62% and 17.38% respectively.

Inox Wind has won 100 MW in the SECI-4 auction maintaining its successful track record in central government auctions. The bid was won at a fixed price of Rs 2.51 per unit for 25 years. This win enhances the company’s auction based order book to a sector leading 950MW.

The company would be developing the SECI-4 project in the Kutch region in the state of Gujarat. The project would be executed over the next 12-18 months. It will supply, erect and commission its advanced 2MW Wind Turbine Generators (WTGs) and will be responsible for the development, construction, commissioning and long term operations and maintenance services for the project.

Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.

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