Inox Wind Ltd., a leading provider of wind energy solutions, has confirmed receiving a substantial order for 200 MW from a prominent renewable Commercial & Industrial (C&I) power producer. The announcement, made on Tuesday, July 9, highlights the order’s scope, which includes the supply of Inox Wind’s 3 MW Wind Turbine Generators and comprehensive turnkey execution.
Following commissioning, Inox Wind will extend multi-year operations and maintenance services. The project, slated across Gujarat and Rajasthan, underscores the company’s strategic expansion plans for fiscal year 2025 and beyond. CEO Kailash Tarachandani emphasized, “This order, in addition to our robust order book and promising pipeline, underscores our commitment to substantial growth.”
Recently, Inox Wind Energy disclosed a ₹900 crore investment aimed at achieving a net debt-free status (excluding promoter debt). This financial maneuver, supported by a 5% share sale through block agreements on May 28, is poised to fortify the company’s balance sheet and accelerate expansion initiatives.
“We anticipate significant interest expense savings, which will bolster our profitability,” noted CEO Tarachandani, underscoring Inox Wind’s preparedness to capitalize on growth opportunities with strengthened financials and operational capabilities.
At 10:18 AM, Inox Wind traded 2.05% higher at ₹161.39 on NSE, reflecting investor optimism following the announcement. The stock touched an intraday high and low of ₹168.90 and ₹160.72, respectively, reinforcing market confidence in the company’s strategic trajectory.
