Inox Wind shares rise 2% after bagging Rs 755 crore turnkey order from Indian Oil

Shares of Inox Wind gained nearly 2% on Thursday to day’s high of Rs 72.17 on the NSE after the company bagged a 100 MW turnkey order from Indian Oil Corporation worth Rs 755 crore.

According to a filing with the exchange on Thursday, the company said that it has secured a 100 MW turnkey order from India’s largest oil marketing company. This order includes post-commissioning operations and maintenance (O&M) services for a period of 10 years.

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“We are pleased to have secured this 100 MW turnkey order from Indian Oil Corporation Limited, a Maharatna company and India’s largest oil marketing company. This repeat order is a testament to the confidence that leading institutional customers place in our integrated capabilities and execution track record,” said Kailash Tarachandani, Group CEO, Renewables business, INOXGFL Group.

“With our ability to deliver comprehensive solutions across the wind project lifecycle, we remain well positioned to support customers in their transition towards cleaner sources of energy,” Tarachandani said.

The company further said that under this order it will be responsible for the end-to-end execution of the project, including the supply of wind turbine generators, engineering, procurement & construction (EPC), project execution and post-commissioning O&M services.

The order strengthens Inox Wind’s diversified customer portfolio, which spans commercial & industrial (C&I) customers, public sector undertakings (PSUs) and independent power producers (IPPs).

This order further reinforces the company’s position as an integrated wind energy solutions provider with capabilities spanning the entire project lifecycle, from turbine supply and project development to EPC and long-term O&M.

“India’s renewable energy transition is creating significant opportunities for wind power, with large enterprises and public sector organisations increasingly looking for reliable partners who can deliver projects with efficiency and accountability. We are committed to leveraging our technology, manufacturing and execution capabilities to deliver high quality projects while contributing meaningfully to India’s clean energy ambitions,” Tarachandani further said.

In the last one month, the stock was down 9.89% whereas it was dow 42% in 2026 so far. In the last three years, the stock went up 39.41% and 156% in the last five years.

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Inox Wind Limited (IWL) is India’s leading wind energy solutions provider servicing IPPs, PSUs, Corporate investors and retail. It offers end-to-end wind energy solutions from concept to commissioning to O&M, manufacturing key components of WTGs, using the most advanced technology, in-house, to maintain high quality, reliability and cost competitiveness.

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