India's Inox Wind rises after 990MW order to commission from FY26

Inox Wind

21/04/2025 09:47

** Shares of Inox Wind Ltd INWN.NS rise as much as 6.2% to 172.87 rupees
** Wind turbine generator maker says execution of the 990 MW turnkey order, part of a 1,500 MW deal is in full swing across states of Gujarat, Rajasthan, Madhya Pradesh
** Adds, commissioning is expected in phases from FY26 onwards
** More than 16 mln shares traded as of 2:08 p.m. IST, 1.6x their 30-day moving avg
** Mean rating of the stock is 'strong buy'; their median PT is 225.5 rupees - data compiled by LSEG
** INWN last up 3.6%, cutting YTD losses to 10%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))