Inox Wind gains on commencing new facility in Madhya Pradesh

The new 800 MW blade facility at Madhya Pradesh will double production capacity to 1,600MW

Shares of Inox Wind were up over 2% at Rs 367 on the Bombay Stock Exchange after the company announced that it has commissiones the 800 MW blade facility at its state of the art integrated manufacturing unit at Barwani district in Madhya Pradesh.

The unit will have an annual production capacity of 400 rotor blade sets and eventually also have an annual manufacturing capacity of 400 nacelles and hubs, 300 towers and will double Inox Wind's production capacity to 1,600 MW, the company said in a release.

The new manufacturing facility will enhance production of the company's pioneering 100 meter rotor dia product and enable manufacturing of its game-changing 113 meter rotor dia product, the release added.

The stock opened at Rs 363 and touched a high of Rs 370. At 12:10pm. over 91,000 shares were traded on both the stock exchanges.