Inox Wind Bags 200 MW order for Its 3 MW Turbines

Q1 Results: Inox Wind Reports 85% Increase In Revenue

 Inox Wind Limited (IWL) has bagged an order for 200 MW from a renewable C&I power producer. The order is for IWL’s latest 3 MW Wind Turbine Generators (WTGs) and the scope comprises of end-to-end turnkey execution. Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed across the states of Gujarat and Rajasthan.

Commenting on the occasion, Kailash Tarachandani, CEO of Inox Wind, said, “We are pleased to announce a large turnkey order for 200 MW. Inox Wind continues to be a preferred partner for renewable project developers given our capabilities and credentials to deliver large scale wind projects. I believe this, along with our existing order book and strong order pipeline, reinforces our commitment towards achieving substantial growth in FY25 and beyond.”

Both domestic solar and wind energy players have recorded a string of order wins in the current financial year, creating its own momentum as many developers worry about ordering in time to get deliveries. Higher demand from the C&I segment is expected to play a key role this time, as these customers seek renewable energy for longer durations, building the case for wind. Industry players assert that large orders now will be in line for deliveries in 2025 and beyond in any case, as order books are filled up fast. Inox Wind’s own manufacturing capacity is around 2.5 GW per annum. The threat of critical supply disruptions remain, of course.

However, the key point here is that between solar and wind, there is every likelihood of beating last year’s 18 GW target by a significant margin during this financial year. Besides Inox, Chinese player Envision has been bagging large orders, and of course the oldest Indian player, Suzlon. The buoyancy has charged up order books as well as stock prices for these firms, improving financials supporting a restructuring 0f balance sheets to be better prepared for what industry hopes will be a full 5 year cycle of growth and higher profits.

With Infusion Of Rs 900cr, Inox Wind To Achieve Net Debt Free Status

Also Read