3,200-MW order book: Suzlon’s peer company secured 51 MW from a Thermax Group Company

DSIJ Intelligence-2 / 23 Jul 2025/ Categories: Mindshare, Trending

3,200-MW order book: Suzlon’s peer company secured 51 MW from a Thermax Group Company

The stock price has delivered multibagger returns of 1,748 per cent over the past five years.

Inox Wind Limited (IWL), a wind energy solutions provider, announced the receipt of a 51 MW turbine order from First Energy Private Limited (FEPL), part of the Thermax Group. The order includes Inox Wind’s 3 MW class turbines featuring a 140-metre hub height and 145-metre rotor diameter. The turbines will be deployed at FEPL’s project site in Tamil Nadu through its Special Purpose Vehicle (SPV), First Energy 10 Private Limited.

The contract scope covers supply, limited EPC (Engineering, Procurement and Construction) services, supervision and multi-year operations and maintenance (O&M) services post-commissioning of the Wind Turbine Generators (WTGs). Inox Wind will execute these services through its subsidiaries. This marks the first order placed by FEPL with Inox Wind, enhancing its customer portfolio, which already includes NTPC, CESC, NLC India, Hero Future Energies, Inox Clean Energy, Continuum, Integrum and Amplus.

DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.

As of March 2025, the company’s order book stands at approximately 3.2 GW, providing revenue visibility over the next two to three years. Inox Wind, a Small-Cap company in the renewable energy sector, has delivered multibagger returns of 1,748 per cent over the past five years.

On Wednesday, shares of Inox Wind traded slightly lower despite this order announcement. At 10:33 am IST, the stock was at Rs 165.45, down 0.05 per cent. Year-to-date, it is down 8.53 per cent, while over the past 12 months, it has gained 8.29 per cent.

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