Suzlon, INOX Wind Gain on New Wind Norms

  Published 11 months ago

Shares of Suzlon and INOX Wind rose on India’s new local sourcing and R&D norms, benefiting domestic wind firms.

  • India mandates wind turbine makers use local parts, store data, and build R&D/control centers within a year.
  • Suzlon gained 5% and INOX Wind 2%, with SUZL eyeing a second straight gain and INWN snapping a 2-day losing streak.
  • Year-to-date, Suzlon is down ~1% while INOX Wind has dropped ~15% despite today’s rebound.

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