INOXWIND NSE filing

Inox Wind Secures ₹755 Crore Turnkey Order from Indian Oil for 100 MW Project

The RealCase readHigh impact Positive

Inox Wind Limited secured a 100 MW turnkey order from Indian Oil Corporation Limited for approximately ₹755 crore. The contract includes project execution and 10 years of O&M services. This repeat order reinforces IWL's integrated capabilities in the renewable energy sector.

Why it matters

A large order of this value is material for Inox Wind Limited and is expected to have a substantial impact on its financial performance and future prospects.

The market read

The announcement details a significant new order, which is a positive development for the company's revenue and market position.

Inox Wind Limited (IWL) has announced securing a repeat turnkey order worth approximately ₹755 crore from Indian Oil Corporation Limited (Indian Oil) for a 100 MW project. The order encompasses end-to-end project execution, including the supply of wind turbine generators, engineering, procurement, construction (EPC), and post-commissioning operations and maintenance (O&M) services for a period of 10 years.

This significant order strengthens Inox Wind's diverse customer base, which includes commercial & industrial (C&I) customers, public sector undertakings (PSUs), and independent power producers (IPPs). It underscores IWL's position as an integrated wind energy solutions provider capable of managing the entire project lifecycle.

Mr. Kailash Tarachandani, Group CEO of Renewables business, INOXGFL Group, expressed pleasure in securing this repeat order from Indian Oil, highlighting the confidence placed in IWL's integrated capabilities and execution track record. He emphasized the company's readiness to support customers in their transition to cleaner energy sources and contribute to India's clean energy ambitions.

Inox Wind Limited is a leading integrated wind energy solutions provider in India, part of the $16 billion INOXGFL Group. The company operates five manufacturing plants and has a manufacturing capacity of 2.5 GW per annum, with offerings including 3 MW and upcoming 4.45 MW series WTGs. Its subsidiary, Inox Green Energy Services Ltd., is a pure-play renewable O&M services company with a substantial portfolio.

Primary source

A plain-language summary of a public exchange filing by Inox Wind Limited. Read the original for the full detail.

View original filing
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