Trump slaps 30% tariffs on EU, Mexico
By Aayush Khanna
Inox Wind Ltd (NS:INWN) (IWL), a prominent player in India's wind energy sector, has clinched a significant deal with NLC India Limited, a Navratna CPSU, to execute a 50 MW ISTS-connected wind power project. The project, to be implemented on a turnkey basis, involves the supply, installation, and commissioning of Inox Wind's DF 113/92 - 2.0 MW capacity Wind Turbine Generators (WTGs).
Additionally, Inox Wind will deliver comprehensive operations and maintenance (O&M) services for an extended period exceeding 10 years post-commissioning. The designated site for this venture is the expansive Dayapar site situated in the Kutch district of Gujarat.
CEO of Inox Wind, Mr. Kailash Tarachandani, expressed enthusiasm about the project, emphasizing that securing this project from NLC India underscores Inox Wind's robust position as a holistic wind energy solutions provider in the Indian market. The company's ability to foster strong relationships across various sectors, including PSUs, IPPs, C&I, and retail customers, coupled with its diverse product and service offerings, positions Inox Wind uniquely to deliver value to its clientele. As India intensifies its efforts to achieve renewable energy capacity targets, Inox Wind stands poised to play a pivotal role, anticipating substantial growth and profitability in the future.
Moreover, the stock has delivered a stupendous rally in the past year, marking an impressive gain of 376%. This remarkable performance outshines broader market indices, firmly establishing the stock in a bull run and still trading near its all-time highs. However, due to bein highly overbought, there could be some coming correction in the near future.
Image Source: InvestingPro+
As the fair value of the stock is around INR 440, traders can expect a retracement of around 13% from the CMP of INR 505.
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