Inox Wind Bags 200 MW Order for 3 MW Wind Turbine Generators

Inox Wind Limited, the wind energy solutions provider, said on Tuesday, July 9, that it had bagged an order for 200 MW from a renewable Commercial & Industrial (C&I) power producer. The order is for Inox Wind's 3 MW Wind Turbine Generators, and the scope of the order consists of end-to-end turnkey execution.
 

Key Takeaways from Inox Wind Order Win

• Inox Wind Limited said on Tuesday that it had secured a 200 MW order from a renewable Commercial & Industrial (C&I) power generator.
• The order covers end-to-end turnkey execution for 3 MW wind turbine generators from Inox Wind.
• Inox Wind will offer multi-year operations and maintenance services following commissioning. 
• The project in question, which Inox Wind won, would be carried out in Gujarat and Rajasthan.
• Inox Wind raised this amount on May 28 by selling roughly 5% of its equity through block agreements.
   

After commissioning, Inox Wind will provide multi-year operations and maintenance services. The project won by Inox Wind will be executed across Gujarat and Rajasthan.
 

"This (order), along with our existing order book and strong order pipeline, reinforces our commitment towards achieving substantial growth in the financial year 2025 and beyond," Kailash Tarachandani, the CEO of Inox Wind was quoted as saying.
 

Inox Wind raised this sum by selling nearly 5% of its equity in the company through block deals on May 28.
 

CEO Tarachandani said the fund infusion will help the company become net debt-free, strengthen its balance sheet, and accelerate growth.
 

"We expect substantial savings in interest expenses going ahead, aiding our profitability further. With all the building blocks in place, be it our execution capabilities, state-of-the-art technological offerings, financial strength, robust order book and a large order pipeline, we are geared up to embark on a substantial growth journey ahead," Tarachandani stated.
 

About Inox Wind Limited

Inox Wind Limited is India's largest provider of wind energy solutions for IPPs, utilities, PSUs, and corporate investors. The company is a part of the US$ ~8 BN INOX GFL Group, which has over nine decades of experience and focuses on two business verticals namely chemicals and renewable energy. Inox Wind manufactures blades, tubular towers, hubs, and nacelles at four modern plants in Gujarat, Himachal Pradesh, and Madhya Pradesh. This makes it a fully integrated player in the wind energy market. The company's 3 MW series WTG has an annual manufacturing capacity of around 2.5 GW.
 

The subsidiary Inox Wind, Inox Green Energy Services Limited, is the only listed wind O&M services company in India, with a portfolio of over 3.2GW and a promising growth trajectory.
 

Inox Wind provides entire wind energy solutions, from idea to commissioning and O&M. The company manufactures components of WTGs in-house utilising sophisticated technology to ensure high quality, reliability, and cost competitiveness. The company is poised for growth and profitability, supported by strong promoters, a sound cash sheet, good stakeholder relationships, and positive macroeconomic prospects.
 

Read More About Inox Wind Ltd share price Here!