Inox Wind experienced a significant boost in its share price, climbing by 3 percent in early trade on July 9, following the announcement of a new order for 200 MW from a renewable commercial and industrial (C&I) power producer.

This development has caught the attention of investors and market watchers, marking a positive turn for the company.

As of 09:21 AM, Inox Wind shares were trading at Rs 162.80 on the Bombay Stock Exchange (BSE), reflecting a gain of Rs 4.50 or 2.84 percent.

This uptick in share value underscores the market's optimistic response to the new order.

The recently secured order involves the deployment of Inox Wind's latest 3 MW Wind Turbine Generators (WTGs).

The project encompasses a comprehensive turnkey execution, meaning Inox Wind will handle the entire process from start to finish.

This includes design, supply, erection, and commissioning of the wind turbines.

Additionally, Inox Wind will provide multi-year operations and maintenance (O&M) services post-commissioning, ensuring long-term efficiency and performance of the wind turbines.

The project is set to be executed across the Indian states of Gujarat and Rajasthan, regions known for their favorable wind conditions.

This geographical focus not only leverages the existing wind resources in these states but also contributes to the local economies by creating jobs and supporting ancillary industries.

Inox Wind's recent successes are further bolstered by a significant capital infusion. Last week, the company received a Rs 900-crore investment from its promoter, Inox Wind Energy Limited (IWEL).

This capital was raised through the sale of equity shares in block deals on stock exchanges, attracting interest from several high-profile investors.

The infusion of funds is expected to strengthen Inox Wind’s financial position, enabling it to pursue new projects and enhance its operational capabilities.

As a fully integrated player in the wind energy market, Inox Wind boasts four manufacturing plants located in Gujarat, Himachal Pradesh, and Madhya Pradesh.

These facilities are equipped to produce key components of wind turbines, including blades, tubular towers, hubs, and nacelles.

With its MW series WTG offering, Inox Wind has an impressive manufacturing capacity of approximately 2.5 GW per annum, positioning it as a significant contributor to India's renewable energy landscape.

In terms of stock performance, Inox Wind has shown considerable resilience and growth over the past year.

The share price reached a 52-week high of Rs 177 on May 27, 2024, and a 52-week low of Rs 42.78 on July 10, 2023.

Currently, the stock is trading 8.02 percent below its 52-week high and a remarkable 280.55 percent above its 52-week low.

This impressive rebound highlights investor confidence and the company’s potential for sustained growth.