Inox Wind Restricted (IWL) has secured a big 153 MW order from an unnamed main renewable power developer that’s a part of a worldwide clear power firm, the wind power options supplier introduced at this time.
The shares of Inox Wind Restricted (IWL) have been buying and selling at ₹162.75 up by ₹9.56 or 6.24 per cent on the NSE at this time at 10.13 am.
- Learn additionally: Markets open decrease on world commerce uncertainties; BEL leads gainers
The contract includes supplying IWL’s 3 MW class wind generators for a challenge in Tamil Nadu, together with restricted scope EPC providers and multi-year operations and upkeep assist following commissioning.
This marks the primary order of this scale from this specific buyer, increasing IWL’s diversified order e-book in India’s rising business and industrial renewable power market.
Kailash Tarachandani, Group CEO of Inox Wind, highlighted the corporate’s “experience in wind challenge execution” and “strong product and servicing excellence” as elements positioning IWL as a “associate of alternative for big renewable challenge builders.”
Inox Wind, a part of the $12 billion INOXGFL Group, operates as a totally built-in participant within the wind power sector with 4 manufacturing amenities throughout Gujarat, Himachal Pradesh, and Madhya Pradesh. The corporate produces blades, tubular towers, hubs, and nacelles, with a complete manufacturing capability of roughly 2.5 GW yearly.
- Learn additionally: Shares that may see motion at this time: March 7, 2025
IWL’s subsidiary, Inox Inexperienced Vitality Companies Ltd., is reportedly India’s solely listed wind O&M providers firm, managing a portfolio of roughly 3.5 GW.
