Shares of Inox Wind, a leading wind energy solutions provider in India, surged by over 11% to reach a 52-week high after the successful commissioning of Phase-I of NTPC’s 50 MW Renewable Energy project.

The company announced in an exchange filing that its customer, NTPC Renewable Energy Ltd, successfully commissioned the first phase of its Dayapar Wind Energy Project in Bhuj, Gujarat, with a capacity of 50 MW out of a total of 150 MW.

This project marks an important milestone as it is NTPC’s first project and the first capacity in India declared commercial under the new Indian Electricity Grid Code (IEGC) and General Network Access (GNA) Regime.

Inox Wind supplied and installed 25 Wind Turbine Generators (WTGs) with a capacity of 2.0 MW each, featuring a 113m rotor diameter and a 92m hub height. In addition, it will provide comprehensive operation and maintenance (O & M) services for 25 years through its subsidiary, Inox Green Energy Services Ltd.

Inox Wind shares surged to a 52-week high mark of Rs 239.90, up 11.7% from the last closing price on the National Stock Exchange (NSE). The scrip closed at 238.65, 11.18% higher than the last closing price.