4.7 GW Order Book: Multibagger Suzlon Competitor Secures Rs 1,600 Crore Repeat Order from NLC India; Check Details

On Wednesday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index gaining 241.95 points, or 1.01 per cent, to close at 24,227.30. Amid the broader positive market sentiment, Inox Wind share price rose 1.96 per cent to close at Rs 77.43 after the company secured a 200 MW turnkey wind power project from NLC India Limited valued at approximately Rs 1,600 crore.

Inox Wind Lts secured a 200 MW turnkey order from NLC India Limited with an approximate contract value of Rs 1,600 crore, further reinforcing its presence in the domestic wind energy market. The project is scheduled to be commissioned within 24 months from the date of the Letter of Award (LoA).

The contract will be executed on a comprehensive turnkey basis, covering supply of wind turbine generators (WTGs), engineering, procurement and Construction (EPC), as well as post-commissioning operations and maintenance (O&M) services. The repeat nature of the order underscores the company’s continued engagement with public sector enterprises in the power sector.

Following this award, Inox Wind’s total Order Book has increased to 4.7 GW. The company said the order book comprises a diversified mix of commercial and industrial (C&I) customers, public sector undertakings (PSUs) and independent power producers (IPPs). According to the company, the balanced customer portfolio provides revenue visibility and reflects its standing in India’s renewable energy landscape.

The 200 MW project strengthens Inox Wind’s position as an integrated wind energy solutions provider capable of delivering large-scale turnkey wind projects. It adds to the company’s execution pipeline at a time when renewable energy capacity addition in India continues to gather pace. The company stated that the addition supports long-term execution visibility aligned with the country’s clean energy transition.

Commenting on the development, Mr Sanjeev Agarwal, CEO, Inox Wind Ltd., said, ‘We are delighted to have secured this repeat order of 200 MW turnkey order from NLC India Limited, one of India's leading public sector enterprises in the power sector. This order is a strong validation of our integrated turnkey capabilities, execution expertise and technologically advanced product portfolio. Our strong and diversified order pipeline, provides us with significant growth visibility. We look forward to working closely with NLC India Limited and successfully delivering this project within the stipulated timeline.’

Mr Agarwal further added, ‘As India continues to accelerate its renewable energy transition, customers are increasingly partnering with experienced and reliable wind OEMs capable of delivering projects seamlessly from concept to commissioning. We remain committed to supporting the country's clean energy ambitions while creating long-term value for all our stakeholders through operational excellence and timely project execution.’

Inox Wind operates as a fully integrated player in the wind energy market, with manufacturing facilities located in Gujarat, Madhya Pradesh and Himachal Pradesh. The company manufactures blades, tubular towers, hubs and nacelles in-house and currently offers a 3 MW series of WTGs, with plans to introduce a 4.45 MW series. Its manufacturing capacity stands at approximately 2.5 GW per annum.
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Its subsidiary, Inox Green Energy Services Ltd., is a listed renewable O&M services provider with a portfolio of approximately 13.3 GW of assets, including investments. Another subsidiary, Inox Renewable Solutions, provides EPC services for wind projects and develops common infrastructure, including power evacuation systems.

Inox Wind Ltd is engaged in manufacturing wind turbine generators and providing related services across the wind power value chain. Its principal activities span WTG supply, erection, procurement and commissioning services, operations and maintenance, and infrastructure support for wind farm development. The company operates across eight Indian states and follows an integrated model from resource assesSMEnt and site development to EPC execution and post-commissioning support.

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