Wednesday And after good recovery on Thursday, the Indian stock market was very flat today. Amidst fluctuations in the stock market, the shares of many companies saw a strong rise today. In this episode, today the shares of INOX Wind also saw a stormy boom. On Friday, Iinox Wind shares rose by Rs 17.60 (11.50%) on BSE at a price of Rs 170.70. There is a big news behind this stormy boom in the company’s shares. In fact, Iinox Wind had told in an exchange filing before opening the market today that the company has received a big order from a global renewable energy.
The share price reached Intrade High of Rs 173.60
The result of this exchange filing of the company was that the purchase started in the shares of Iinox Wind as soon as the market opened on Friday. Today, during the business, the price of the company’s shares at one time reached the Intrade High of Rs 173.60. Whereas in early trade, it was at Intrade Low of Rs 152.75. However, the price of the company’s shares is still far below its 52 weeks of high. The 52 week high of Iinox Wind shares is Rs 262.10 and 52 week is Rs 106.98.
51 wind turbine found order
Iinox Wind had stated in the exchange filing that he had received a new order for a 51 wind turbine supply for a project in Tamil Nadu. Each turbine will have a capacity of 3 MW, which will make the total order capacity of 153 MW. In addition, the company will provide a limited scope engineering, procurement and construction (EPC) for this project as well as service related to operations and maintenance after the ongoing turbine. However, the company has not given any other details related to the order. According to BSE data, the current market cap of Iinox wind is Rs 22,255.76 crore.
Latest business news