Inox Wind rose 3.2% to Rs 377.60 at 12:56 IST on BSE after the company said it has secured an order for a 100 megawatts wind power project from Ostro Energy in Madhya Pradesh.
The company announced the new order win during market hours today, 1 September 2015.
Meanwhile, the S&P BSE Sensex was down 332.44 points or 1.26% at 25,950.65.
On BSE, so far 43,000 shares were traded in the counter as against average daily volume of 46,496 shares in the past one quarter.
The stock hit a high of Rs 387 and a low of Rs 361.90 so far during the day. The stock had hit a record high of Rs 494.70 on 17 April 2015. The stock had hit a record low of Rs 315 on 25 August 2015.
The mid-cap company has equity capital of Rs 221.92 crore. Face value per share is Rs 10.
The stock had underperformed the market over the past one month till 31 August 2015, sliding 12.32% compared with Sensex's 6.51% fall. The scrip had also underperformed the market in past one quarter, declining 16.12% as against Sensex's 5.55% fall.
As part of the latest order, Inox will supply and install 50 units of its advanced 2 megawatts (MW) DFIG 100 rotor dia wind turbine generators (WTGs) for Ostro Energy, on a turnkey basis.
Inox will be responsible for the entire project lifecyle, from development and construction to commissioning and has also been contracted to undertake operations and maintenance services of the project for a multi-year period, post commissioning.
On consolidated basis, Inox Wind's net profit rose 115.1% to Rs 50.50 crore on 109.1% growth in net sales to Rs 633.77 crore in Q1 June 2015 over Q1 June 2014.
Inox Wind is one of the leading wind energy solutions provider.
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