Inox Wind rose 2.07% to Rs 34.55 after the company signed a term sheet for an EPC contract of 250 megawatts (MW) from Continuum Power Trading (TN).
Inox Wind announced on Monday that it will supply, erect and commission a mix of 2 MW (113 metre rotor diameter turbine combined with 92 metre hub height) and 3 MW (145 metre rotor diameter turbine combined with 120 metre hub height) turbines.
The first phase of 126 MW of the project scheduled to be commissioned by Q3 of FY2021, the company said.
On consolidated basis, Inox Wind reported a net loss of Rs 45.6 crore in Q2 September 2019 as against a net profit of Rs 1.52 crore. Net sales dropped 68.3% to Rs 138.61 crore on YoY basis.
Inox Wind is India's leading wind energy solutions provider servicing IPPs, Utilities, PSUs & corporate investors. The company is fully integrated player in the wind energy market with three state-of-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh.
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