Chief executive Dan McGahn called the deals a “seminal business arrangement” for AMSC in a quarterly earnings conference call, during which he provided new details on how they would benefit both companies.

Inox Wind, a subsidiary of chemical and entertainment conglomerate Inox Group, is a fast-growing turbine OEM that is also a turnkey wind project supplier. It fabricates blades, hubs, nacelles and tubular steel towers at plants in India.

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