Renewable Energy Stock Gains 2%; Secures Rs 755 Crore Turnkey Order From Indian Oil

On Thursday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 84.50 points (0.35 per cent) to 23,998.95. Amid the market movement, Inox Wind share price rose 1.71 per cent to Rs 71.80 after the company secured a repeat turnkey order from Indian Oil Corporation Limited for a 100 MW wind energy project.

The order has an approximate contract value of Rs 755 crore and includes turnkey project execution along with post-commissioning operations and maintenance (O&M) services for a period of 10 years.

Inox Wind Wins Repeat Order From Indian Oil

Inox Wind Limited announced that it has received the 100 MW turnkey order from Indian Oil Corporation Limited, India's largest oil marketing company.

Under the agreement, Inox Wind will undertake end-to-end execution of the project, including supply of wind turbine generators, engineering, procurement and construction (EPC), project execution and long-term O&M services after commissioning.

The repeat order strengthens Inox Wind’s relationship with institutional customers and expands its diversified customer portfolio, which includes commercial and industrial customers, public sector undertakings (PSUs) and independent power producers (IPPs).

Order Expands Integrated Wind Energy Offering

The latest contract reinforces Inox Wind’s position as an integrated wind energy solutions provider with capabilities across the complete project lifecycle, including turbine manufacturing, project development, EPC execution and long-term maintenance services.

The company highlighted that the repeat order reflects customer confidence in its integrated capabilities and execution track record.

Renewable Energy Expansion Supports Wind Sector Opportunity

The order comes amid increasing focus on renewable energy adoption by large enterprises and public sector organisations. Inox Wind stated that India's renewable energy transition is creating opportunities for wind power, with companies increasingly seeking partners capable of delivering projects across technology, manufacturing and execution.

The company aims to leverage its manufacturing capabilities and project execution expertise to support clean energy projects.
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Inox Wind’s Manufacturing and Service Capabilities

Inox Wind is a fully integrated wind energy solutions provider serving IPPs, PSUs, corporate investors and retail customers. The company is part of the INOXGFL Group and operates across the renewable energy and chemicals businesses.

The company operates five manufacturing facilities across Gujarat, Madhya Pradesh and Himachal Pradesh, producing blades, tubular towers, hubs and nacelles for wind turbine generators. Its manufacturing capacity stands at 2.5 GW per annum, supported by its 3 MW and upcoming 4.45 MW series wind turbine generator offerings. Apart from manufacturing and EPC capabilities, Inox Wind also provides end-to-end wind energy solutions covering concept development, commissioning and O&M services.

Through its subsidiary Inox Green Energy Services Ltd., the company operates a renewable energy O&M platform with a portfolio, including investments, of around 13.3 GW of assets. Another subsidiary, Inox Renewable Solutions, provides EPC services for wind and solar projects along with renewable infrastructure development.

The latest Indian Oil order further strengthens Inox Wind’s presence in the renewable energy value chain by adding a large institutional customer mandate along with long-term maintenance revenue visibility.

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