1,276-MW order book: This multibagger heavy electrical company bags repeat order for 279 MW for its 3 MW WTGs from a large C&I player; scrip hits 52-week high!

The stock delivered impressive returns, surging 210 per cent in 6 months, 350 per cent in 1 year and a whopping 700 per cent in 3 years.

Inox Wind Limited (IWL), India’s leading wind energy solutions provider, has bagged an order for 279 MW from a large C&I player. The order is for IWL’s latest 3-MW Wind Turbine Generators (WTGs), and the scope comprises a mix of equipment supply with limited scope EPC for 180 MW and end-to-end turnkey execution for 99 MW.

Additionally, Inox Wind will also provide post-commissioning multi-year operations & maintenance (O&M) services. The project will be executed by June 2025, with the WTGs being installed across Rajasthan and Gujarat. This repeat order is from a large C&I customer for which Inox Wind has already executed 325 MW of orders till date.

Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, corporations and retail investors. Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions.

The company has a market cap of over Rs 15,000 crore with a 3-year stock price CAGR of 100 per cent. According to the shareholding pattern, the promoters of the company own 64.64 per cent, FIIs own 3.48 per cent, DIIs own 6.54 per cent and the rest of the stake is owned by the general public i.e., 25.34 per cent as of September 2023. The company’s order book stands at Rs 1,276 MW as of September 2023.

Today, shares of Inox Wind Ltd surged 6 per cent to an intraday high & and 52-week high of Rs 479.95 per share from its previous closing of Rs 452.70 per share. At the closing bell, shares of the company were trading at Rs 465.25 per share, up 2.77 per cent.

The stock delivered impressive returns, surging 210 per cent in 6 months, 350 per cent in 1 year and a whopping 700 per cent in 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.