Wind turbine manufacturer Inox Wind (NSE: INOXWIND) on Thursday issued a notice declaring a lockout of its manufacturing facilities from October 22. The company has cited “wind industry going through a very tough phase” and its workers resorting to “illegal sit-in strike” and adopting “go-slow tactics” as reasons for the lockout.
Inox Wind is part of the $3-billion Inox Group, which counts Inox Leisure and Gujarat Fluorochemicals among its companies. It produces 2 MW wind turbines and blades from its plants in Ahmedabad and Indore. The company said in its statement it employs 1,200 people “directly and indirectly”.
“The overall wind industry in India is going through a very tough phase. India may be targeting huge addition in renewable power year-on-year, but the pace of transformation is adversely affecting the wind turbine manufacturers,” it said.
