Adversitement
I-Fox Windtechnik India Secures Contract for Restoration of Wind Turbines from NLC India
Published On : 2024-03-19T10:57:56+0530 [ IST ] |
Author : Mayur_Tembhare
Home
India :
Inox Green Energy Services Ltd's subsidiary, I-Fox Windtechnik India Private Limited, has secured a significant contract from NLC India Ltd (NLCIL), a government-owned Navratna PSU, for the restoration of wind turbine generators (WTGs) located in Tamil Nadu.
The contract entails the restoration of 33 WTGs, each with a capacity of 1.5 MW, at NLCIL's wind power plant situated in the Tenkasi District of Tamil Nadu. The scope of work includes the supply of materials or spares, along with other necessary activities for the restoration process.
Under the agreement, I-Fox Windtechnik India Private Limited is tasked with completing the restoration of the 33 WTGs within an eight-month timeframe. The contract is valued at ₹39.5 crore, inclusive of taxes, with revenue realization expected during the contract period.
SK Mathu Sudhana, CEO of Inox Green Energy Services Ltd, expressed satisfaction at securing another order from NLC India, highlighting the successful collaboration between the two entities. He referenced a previous contract for comprehensive operation-and-maintenance" target="_blank">operation and maintenance (O&M) services for 51 MW WTGs, indicating the continued partnership between the organizations.
Following the announcement of the contract, the stock of Inox Green Energy saw a marginal increase of 0.53% on the National Stock Exchange (NSE), trading at ₹123 as of 9:28 a.m. Meanwhile, NLC India experienced a slight decline of 0.21%, trading at ₹211.50.
The contract underscores I-Fox Windtechnik India's expertise in the energy" target="_blank">renewable energy sector and its commitment to providing high-quality services to clients like NLC India Ltd. As the demand for energy" target="_blank">renewable energy solutions continues to grow, such collaborations play a crucial role in advancing sustainable development initiatives in India.
Source : Business Line
Tags : Stock Market , Tamil Nadu , restoration contract , wind turbine generators , operation and maintenance , Navratna PSU , NLC India Ltd , Inox Green Energy , I-Fox Windtechnik India ,
Summary : I-Fox Windtechnik India Private Limited, a subsidiary of Inox Green Energy Services Ltd, has been awarded a work order by NLC India Ltd for the restoration of 33 wind turbine generators (WTGs) in Tamil Nadu. The contract, valued at ₹39.5 crore, involves the restoration activities and supply of materials within an eight-month period. This marks another collaboration between the two entities, following a previous contract for comprehensive operation-and-maintenance" target="_blank">operation and maintenance (O&M) services. The stock of Inox Green Energy saw a marginal increase, while NLC India experienced a slight decline in trading.
Adversitement