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.
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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