Inox Wind, India's leading wind energy solutions provider to IPPs, PSUs, corporates, utilities and retail clients, announced that the company has commissioned 800 MW blade facility at Barwani district in the state of Madhya Pradesh.
The company said, "The unit will have an annual production capacity of 400 rotor blade sets and eventually also have an annual manufacturing capacity of 400 nacelles and hubs, 300 towers and will double Inox Wind's production capacity to 1,600 MW."
The manufacturing plant, which will be amongst the largest in Asia and billed to be the largest in India, will drive investments and economic growth in Madhya Pradesh and provide direct and indirect employment to 5,000 people in the state.
The new manufacturing facility will enhance production of the company's pioneering 100 meter rotor dia product and enable manufacturing of its game-changing 113 meter rotor dia product. The facility will also aid in efficient transportation of equipment to several wind rich sites in the country.
Kailash Tarachandani, chief executive officer of Inox Wind said, "The commissioning of the Madhya Pradesh facility is a significant milestone for Inox Wind. With the government's renewed thrust on the development of renewable energy along with a supportive regulatory framework, India's wind market is expected to be one of the world's fastest growing. The enhanced capacity will enable the company to maintain its position as the leading manufacturer of wind turbine generators in India."
Shares of the company gained Rs 6.65, or 1.85%, to trade at Rs 366.25. The total volume of shares traded was 3,285 at the BSE (9.52 a.m., Monday).