Dajin Heavy Industry Wins Mega-Wind Farm Bid; Stock Rises to Limit
Tang Shihua
/SOURCE : yicai
Dajin Heavy Industry Wins Mega-Wind Farm Bid; Stock Rises to Limit

(Yicai Global) Oct. 8 -- Dajin Heavy Industry's shares [SHE:002487] jumped 10 percent today to hit the daily limit up exchange rules impose, after it announced it will provide wind power towers for China General Nuclear Power Group's Inner Mongolia 3000 megawatt wind farm project.

The Fuxin, Liaoning province-based company's shares climbed to CNY6.02 (USD0.85) at 2.00 p.m. to stop trading.

The contract is worth CNY916 million (USD128.5 million), or about 95 percent of the firm's total revenue for last year, per the announcement.

Set in Hinggan League, Inner Mongolia, the wind farm was approved by the government back in May. Construction of the first phase is projected to conclude, and the complex will start operation by the end of next year.

Qingdao Tianneng Heavy Industries also will supply towers for the project, it announced at the end of last month.

Editor: Ben Armour

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Keywords: Dajin Heavy Industry , Share Price , Mega Contract , Wind Farm , China General Nuclear Power Group