3108-MW order book: SUZLON’s peer company secures 229 MW in new orders, including repeat business, from leading renewable players

Inox Wind Limited (IWL), a major player in the Indian wind energy sector and a key peer to Suzlon, has significantly bolstered its position by securing 229 MW of new orders. These substantial contracts underscore IWL's role as a leading wind energy solutions provider in India. The largest portion of this new business is a 160 MW order received from a prominent Indian Independent Power Producer (IPP). This specific contract involves the supply of IWL's 3.3 MW wind turbine generators for various customer projects and includes crucial limited-scope Engineering, Procurement, and Construction (EPC) services, as well as multi-year Operations & Maintenance (O&M) services after commissioning. This large-scale contract is a clear indicator of the growing confidence among renewable energy developers in IWL's technology and service capabilities.

Further strengthening its Order Book, Inox Wind also secured a 69 MW repeat order from another leading renewable energy player, which is part of a large global clean energy company, for a project in Maharashtra. This follow-up order, coming after a 153 MW order received from the same customer earlier in March 2025, highlights the expanding and trusting relationship Inox Wind is cultivating with major global energy entities. Both the 160 MW and 69 MW orders, which feature limited-scope EPC and multi-year O&M services, reinforce IWL's strategy of offering comprehensive solutions, thereby solidifying its reputation and operational pipeline in the highly competitive Indian renewable energy market.

About the Company

As a key peer to Suzlon in the Indian wind energy sector, Inox Wind Limited, a subsidiary of the INOX Group, is a fully integrated wind energy solutions provider. The company manufactures Wind Turbine Generators (WTGs) and essential components like nacelles, hubs, and rotor blade sets. Beyond manufacturing, Inox Wind delivers comprehensive, end-to-end solutions, including wind resource assesSMEnt, site acquisition, infrastructure development, and operations and maintenance (O&M) for wind power projects. Their diverse clientele includes major players like Tata Power, Adani, NTPC and Oil India Ltd, servicing Independent Power Producers (IPPs), Utilities and Public Sector Undertakings (PSUs).

In its Quarterly Results (Q1FY26), the company reported net sales of Rs 826 crore and net profit of Rs 97 crore while in its annual results (FY25), the company reported net sales of Rs 3,557 crore and net profit of Rs 438 crore. The company has a market cap of over Rs 26,000 crore with a 3-year stock price CAGR of 105 per cent. The company’s order book is Rs 3,108 MW as of June 30, 2025. The stock gave multibagger returns of 310 per cent in just 3 years and a whopping 1,500 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.