INOX Wind Flies on Back of 38 MW Wind Order from ReNew

Sumant Sinha: Seeking The Bigger Picture

INOX wind, the listed supplier and operator of wind power plants, has announced a fresh order for 38 MW from Renew Power. The company in its press filing to the exchange said that it has bagged the order for the wind power project to be developed at Anjar in the State of Gujarat from ReNew Power Limited under the SECI – 2 regime.

The project is scheduled to be commissioned by January 2020.

The order comprises of supply of 19 units of Inox Wind’s state-of-the-art 2 MW 113-metre rotor diameter turbine combined with 92-metre hub height.

The DF 113/92 model is specifically designed for low wind regime (low wind power density sites) typical of the Indian Market.

ReNew Power is already an existing customer of Inox Wind with an installed capacity of 236 MW supplied by Inox Wind spread across multiple wind-rich states of India, the company said. Th order announcement led to a 4% jump in the firm’s stock price.

The Wind sector has been facing headwinds in the past few months, with low capacity addition as well as other regulatory issues. However, ReNew Power remains one of the more bankable firms in the business, with its CEO, Sumant Sinha, tweeting recently about a key milestone they have reached.

Delighted to announce that on this auspicious day of Diwali, with the commissioning of our 250 MW solar project in Bikaner, @ReNew_Power crossed 5,000 MW of commissioned capacity. We are the first company in India and the 11th globally (ex-China) to achieve this milestone. (1/2)

— Sumant Sinha (@sumant_sinha) October 27, 2019

Interestingly, the order comes soon after Inox declared a lockout notice at its manufacturing  facilities in Rohika, near Ahmedabad,  due to ‘illegal activities’ by its workers.

Inox Wind is part of the $3-billion Inox Group, which counts Inox Leisure and Gujarat Fluorochemicals among its companies. It produces 2 MW wind turbines and blades from its manufacturing plants in Ahmedabad and Indore.