1,120 MW order book: This multibagger heavy electrical company receives Type Certification from TUV SUD for its 3 MW turbine!

The stock delivered impressive returns, surging 150 per cent in 1 year and astonishingly skyrocketing over 450 per cent in just 3 years.

Inox Wind Ltd, India’s leading wind energy solutions provider, today announced that it has been granted a Type Certificate by TUV SUD, a leading global certification body based in Germany, for its advanced 3 MW wind turbine, which can boost up to 3.3 MW. This certification confirms that the prototype turbine has met the necessary requirements for mass production and commissioning. The certification process involved rigorous testing and verification according to the IEC 61400-22 standard, making the Type Certificate valid worldwide.

Inox Wind's 3 MW turbine, developed in partnership with AMSC, features a 100 m tubular tower and a 145 m rotor diameter, providing a sustainable advantage in the Indian wind turbine market due to its compact design and lower production, logistics, and installation costs.

Mr Kailash Tarachandani, CEO of Inox Wind, commenting on the occasion said ‘the successful completion of this comprehensive evaluation and receipt of the Type Certification demonstrates Inox Wind's commitment to delivering high-quality, reliable and high-performance wind turbines to the market. Inox Wind’s 3 MW turbine offers significant advancements in wind power technology, and its innovative design promises improved efficiency and performance, ensuring optimal energy generation at wind sites worldwide. There is significant interest and enquiries for the turbine, across customer segments. With the Type Certification in place, we will commercially launch our 3 MW state-of-the-art WTG, which will be the backbone of our future growth.”

On Friday, shares of Inox Wind Ltd plunged 1.41 per cent to Rs 192.10 per share with an intraday high of Rs 202.85 and an intraday low of Rs 188.65.  The shares of the company also traded at a new 52-week high of Rs 202.85 per share, up 4.11 per cent from its previous closing of Rs 194.85.

The stock delivered impressive returns, surging 150 per cent in 1 year and astonishingly skyrocketing over 450 per cent in just 3 years. Investors should keep an eye on this multibagger stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice.

1 comments on article "1,120 MW order book: This multibagger heavy electrical company receives Type Certification from TUV SUD for its 3 MW turbine!"

Subramanian

New comers always buy shares above 35 rupees

You can't with stand if shares goes down bottom level

So start first with a grade

Good companies for a year

2 year go fir B grade good companies

Then understand market before going to small cap

7/21/2023 4:56 PM

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