Inox Wind shares rises 6%, secures 153 MW order in Tamil Nadu
Inox Wind Limited (IWL) has secured a significant 153 MW order from an unnamed leading renewable energy developer that is part of a global clean energy company, the wind energy solutions provider announced today.
The shares of Inox Wind Limited (IWL) were trading at ₹162.75 up by ₹9.56 or 6.24 per cent on the NSE today at 10.13 am.
The contract involves supplying IWL’s 3 MW class wind turbines for a project in Tamil Nadu, along with limited scope EPC services and multi-year operations and maintenance support following commissioning.
This marks the first order of this scale from this particular customer, expanding IWL’s diversified order book in India’s growing commercial and industrial renewable energy market.
Kailash Tarachandani, Group CEO of Inox Wind, highlighted the company’s “expertise in wind project execution” and “robust product and servicing excellence” as factors positioning IWL as a “partner of choice for large renewable project developers.”
Inox Wind, part of the $12 billion INOXGFL Group, operates as a fully integrated player in the wind energy sector with four manufacturing facilities across Gujarat, Himachal Pradesh, and Madhya Pradesh. The company produces blades, tubular towers, hubs, and nacelles, with a total manufacturing capacity of approximately 2.5 GW annually.
IWL’s subsidiary, Inox Green Energy Services Ltd., is reportedly India’s only listed wind O&M services company, managing a portfolio of approximately 3.5 GW.
