Dan McGahn
Dan McGahn

DEVENS -- AMSC said Thursday it received a $40 million follow-on order to supply wind-turbine electrical-control systems from Inox Wind Limited, part of India's Inox Group of Companies.

AMSC (formerly American Superconductor Corp.) said it expects to begin shipments during the current quarter and to complete them sometime next year.

The company said this is the sixth and largest order that it has received from Inox since Inox began volume production of its 2-megawatt (MW) wind turbines.

"India's wind market is growing and Inox Wind has become a prominent player in India," said AMSC's chief executive, Dan McGahn, in a statement. "This order represents the growth of Inox and its ambitions in India as well as its continued partnership with AMSC."

Separately on Thursday, AMSC reported lower year-over-year revenues and a wider loss for its fiscal fourth quarter.

For the three-month period ending March 31, AMSC posted a loss of $22.7 million, or 33 cents per share. In the same period a year earlier, the loss was $19.8 million (35 cents per share).

Quarterly revenues were $16.3 million, down from $20.4 million.

AMSC, headquartered at 64 Jackson Road, provides components for wind turbines and power grids.

Shares closed Wednesday at $1.36.



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