India's Inox Wind rises on getting 550 MW project

Inox Wind

18/09/2024 07:47

** Shares of Inox Wind  INWN.NS  rise as much as 3.5% to
253.30 rupees
    ** The company, that makes wind turbine generator, said it
has received a Letter of Intent from IGREL Renewables for
execution of 550 MW wind capacity on turnkey basis
    ** Adds, project will be executed over the next 24 months
across multiple sites in the states of Gujarat, Rajasthan,
Madhya Pradesh
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since July 24
    ** Avg rating of five analysts equivalent of "buy", median
PT is 208 rupees - LSEG data
    ** Stock last up 3.3%, bumping YTD gains to 102.3%




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))