Inox Wind gained 0.76% to Rs 350.10 at 12:54 IST on BSE after the company's wholly owned subsidiary acquired Sarayu Wind Power (Tallimadugula) with effect from 9 December 2015.
The company made announcement during market hours today, 10 December 2015.
Meanwhile, the BSE Sensex was up 93.99 points, or 0.38%, to 25,124.72
On BSE, so far 15,250 shares were traded in the counter, compared with an average volume of 24,483 shares in the past one quarter.
The stock hit a high of Rs 356.70 and a low of Rs 348.65 so far during the day. The stock hit a record high of Rs 494.70 on 17 April 2015. The stock hit a record low of Rs 315 on 25 August 2015.
The mid-cap wind energy solutions provider has an equity capital of Rs 221.92 crore. Face value per share is Rs 10.
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Inox Wind said that continuing the company's expansion in Andhra Pradesh, Inox Wind Infrastructure Services, a wholly owned subsidiary of Inox Wind has acquired 100% equity shares of Sarayu Wind Power (Tallimadugula) with effect from 9 December 2015. Following the acquisition, Sarayu Wind Power (Tallimadugula) has become step down Subsidiary of Inox Wind, the company said.
On a consolidated basis, Inox Wind's net profit rose 63.5% to Rs 89.13 crore on 86% rise in net sales to Rs 1005.85 crore in Q2 September 2015 over Q2 September 2014.
Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades & tubular towers, at Una (Himachal Pradesh) for hubs & nacelles and an integrated manufacturing facility at Barwani (Madhya Pradesh) for nacelles, hubs, blades and towers.
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