Multibagger Inox Wind share price rises 5%: Board to consider issuing bonus shares on Thursday, 25th April, 2024

livemint.com:

Also Read- Hatsun Agro share price surges 15% after Q4 result The Inox Wind share price also has gained more than 10% in last five trading sessions and its trading near all time highs. Inox Wind recently had announced a large order win. Inox Wind secured a repeat order for 210 mega watt (MW) for its 3 MW wind Turbine Generation Systems (WTGs) from Hero Future Energies.

As per Inox Wind release on 19th April, 2024, the order is for Inox Wind's 3 MW Wind Turbine Generators (WTGs), and the scope also includes equipment supply and a few add-on services. In addition, Inox Wind will offer multi-year operations and maintenance (O&M) services following commissioning. The WTGs will be deployed in South India and supplied to Hero Future Energies starting in Q3 of FY25.

Also Read- Reliance share price trades flat after Q4 result; should you buy, sell or hold? Here's what top brokerages say As per Kailash Tarachandani, CEO of Inox Wind statement, this order supports their confidence on 3MW WTGs being among the most efficient turbines in their class. This order's addition serves to underline Inox Wind's growth outlook even further. Analysts at ICICI Securities in their recent report had said that Inox Wind has a deleveraged balance sheet and significantly has enhanced its order books in recent quarters.