Inox Wind Ltd announced Thursday that it has secured new orders totalling 229 MW from two separate renewable energy developers, further strengthening its order book. The wind energy solutions company received orders that include both new customer agreements and repeat business from existing clients.

Major Order Details

The company received an order of up to 160 MW from an Indian independent power producer (IPP) for its 3.3 MW wind turbine generators. This order includes a firm order of 112 MW and an option for an additional 48 MW. The projects will be spread across multiple sites, and the contract includes limited-scope EPC and multi-year operations and maintenance (O&M) services.

In addition to the 160 MW order, Inox Wind secured a repeat order of 69 MW from another IPP, which is part of a large global clean energy group, for a project in Maharashtra. This follows a 153 MW order from the same customer in March 2025, demonstrating growing client trust and repeat business relationships.

Management Commentary

Kailash Tarachandani, group CEO (Renewables) of INOXGFL Group, stated that the latest orders reaffirm customer confidence in the company's technology and execution capabilities. “New customer orders as well as repeat orders from existing customers highlight the confidence which our clients place in our technology, execution capabilities, and long-term service excellence,” he said.

Inox Wind CEO Sanjeev Agarwal added that the strong order inflows reflect the market's endorsement of its 3 MW class turbine technology and expanding footprint in India's renewable energy sector. He noted that the company is in advanced discussions with several customers and aims to close FY26 with an order book covering 18–24 months of execution plans.

Company Operations and Manufacturing

Inox Wind, part of the INOXGFL Group, operates four manufacturing plants across Gujarat, Himachal Pradesh, and Madhya Pradesh with an annual production capacity of about 2.5 GW. The company's subsidiary, Inox Green Energy Services Ltd, manages around 13 GW of renewable O&M assets, making it India's only listed pure-play renewable O&M company.

Stock Performance

Inox Wind's shares closed at INR 155.30 on Tuesday, November 4, down 1.24 percent for the day. The stock has lost 30 percent over the past year and trades at a price-to-earnings ratio of 47.

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