Inox Wind gains on commencing new facility in Madhya Pradesh

The new 800 MW blade facility at Madhya Pradesh will double production capacity to 1,600MW

Inox Wind gains on commencing new facility in Madhya Pradesh
SI Reporter Mumbai
Last Updated : Nov 16 2015 | 12:10 PM IST
Shares of Inox Wind were up over 2% at Rs 367 on the Bombay Stock Exchange after the company announced that it has commissiones the 800 MW blade facility at its state of the art integrated manufacturing unit at Barwani district in Madhya Pradesh.

The unit will have an annual production capacity of 400 rotor blade sets and eventually also have an annual manufacturing capacity of 400 nacelles and hubs, 300 towers and will double Inox Wind's production capacity to 1,600 MW, the company said in a release.

The new manufacturing facility will enhance production of the company's pioneering 100 meter rotor dia product and enable manufacturing of its game-changing 113 meter rotor dia product, the release added.

The stock opened at Rs 363 and touched a high of Rs 370. At 12:10pm. over 91,000 shares were traded on both the stock exchanges.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 16 2015 | 12:10 PM IST

Next Story