Inox Wind gains on order from Adani Group

Shares of Inox Wind were up nearly 4% at Rs 253 on the Bombay Stock Exchange after the company announced that it has bagged orders from Adani Group.

The company in a release said that Adani Enterprises has placed its first order for wind turbine generators.

The company has received two contracts for a capacity of 70MW with the Adani Green Energy Ltd, a wholly-owned subsidiary of Adani Enterprises Ltd and part of the Adani Group, the release added.

The stock opened at Rs 245 and touched a high of Rs 257. At 11:30am, over 274,000 shares were traded on both the stock exchanges.