Inox Wind share price up 6% as board to consider bonus share proposal

Inox Wind Share Price | The share touched a 52-week high of Rs 648 on February 27, 2024 and a 52-week low of Rs 99.53 on April 24, 2023

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Inox Wind share price jumped more than 5 percent percent in the morning trade on April 23 after the green energy firm said its board would take up a proposal to issue bonus shares.

At 9.15 am, Inox Wind was quoting at Rs 626, up Rs 33.20, or 5.60 percent, on the BSE.

The company’s board will meet on April 25 to consider and approve the proposal for issuance of bonus equity shares to the shareholders of the company, Inox Wind said in an exchange filing.

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On April 19, the company bagged an order for the supply of 210 MW of wind turbine generators (WTGs) from Hero Future Energies (HFE). Inox Wind will also provide post commissioning multi-year operations and maintenance (O&M) services.

The WTGs will be supplied to HFE from Q3 FY25 onwards and will be installed in South India.

The share touched a 52-week high of Rs 648 on February 27, 2024 and a 52-week low of Rs 99.53 on April 24, 2023. The stock is trading 5.29 percent below its 52-week high and 516.65 percent above its 52-week low.