Inox Wind rose 0.91% to Rs 116.70 at 14:45 IST on BSE after the company said it has won bid for 100-megawatt power production at SECI-4 auction.
The announcement was made after market hours on Friday, 6 April 2018.Meanwhile, the S&P BSE Sensex was up 167.47 points, or 0.5% to 33,794.44.
On the BSE, 40,000 shares were traded in the counter so far, compared with average daily volumes of 2.35 lakh shares in the past two weeks. The stock had hit a high of Rs 119 and a low of Rs 115.60 so far during the day. The stock hit a 52-week high of Rs 208.70 on 21 April 2017. The stock hit a 52-week low of Rs 100 on 23 March 2018.
The small-cap company has equity capital of Rs 221.92 crore. Face value per share is Rs 10.
Inox Wind said that the company has won bid for 100-megawatt power production at SECI-4 auction maintaining its successful track record in central government auctions. The bid was won at a fixed price of Rs 2.51 per unit for 25 years.
On a consolidated basis, Inox Wind reported net loss of Rs 46.12 crore in Q3 December 2017 as against net profit of Rs 107.51 crore in Q3 December 2016. Net sales declined 92.17% to Rs 90.93 crore in Q3 December 2017 over Q3 December 2016.
Inox Wind is India's leading wind energy solutions provider with manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh.
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