Industry

Inox Wind gets 250 MW project in Gujarat

 Jain, Managing Dierctor, Inox Wind Ltd at a press conference to announce the company's IPO.

Jain, Managing Dierctor, Inox Wind Ltd at a press conference to announce the company's IPO.

Wind turbine maker Inox Wind today said it has bagged a 250 MW project in the Solar Energy Corporation of India (SECI) - II auction.

“The company has won 250 MW in the SECI-II auction representing a 25% market share. The bid was won at a fixed price of ₹2.65/unit for 25 years,” Inox Wind said in a BSE filing.

The company said it would develop the SECI-II project in the Kutch region of Gujarat.

It further said: “This win is on back of the 300 MW order win from the SECI-I auction held earlier in the year. This win enhances our auction based order book to 550 MW“.

Shares of Inox Wind were trading 1.55% higher at ₹114.30 apiece on BSE in morning trade today.


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Printable version | Jun 25, 2022 4:36:20 pm | https://www.thehindu.com/business/Industry/inox-wind-gets-250-mw-project-in-gujarat/article19807232.ece