Don’t miss action in this multibagger small-cap stock as it receives repeat order of 150 MW from NTPC Renewable Energy Limited!
The stock delivered impressive returns, surging 58 per cent in 1 year, soaring 90 per cent in 2 years, and astonishingly skyrocketing over 400 per cent in just 3 years.
Inox Wind Ltd, India’s leading wind energy solutions provider has bagged an order for a 150MW wind power project from NTPC Renewable Energy Limited, a wholly subsidiary of NTPC Green Energy Limited, which is the RE business vertical of NTPC Limited. The project shall be executed in the state of Gujarat. With this, the total orders from NTPC stands at 550MW awarded till date to Inox Wind.
India aims for 175 GW of renewable energy by 2022 and 450 GW by 2030, supported by 'Atma Nirbhar Bharat Abhiyan'. Inox Wind is strategically positioned to thrive, contributing significantly. With a substantial order book, it holds a prominent position in the wind power sector, strengthening its commitment to India's renewable energy agenda.
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On Friday, shares of Inox Wind Ltd zoomed 2.86 per cent to Rs 140.15 per share with an intraday high of Rs 142 and an intraday low of Rs 133.80. The shares of the company saw a spurt in volume by more than 1.43 times on BSE.
The stock delivered impressive returns, surging 58 per cent in 1 year, soaring 90 per cent in 2 years, and astonishingly skyrocketing over 400 per cent in just 3 years. Investors should keep an eye on this multibagger stock under the radar.