Inox Wind shares rise 2% after bagging Rs 755 crore turnkey order from Indian Oil
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution and 10-year O&M services, strengthening its institutional customer base and integrated renewable energy capabilities. Despite the order, shares remain significantly lower in 2026.
INOX Wind shares saw a rise of nearly 2% on Thursday, reaching a high of Rs 72.17 on the NSE, following the company's acquisition of a 100 MW turnkey order from Indian Oil Corporation worth Rs 755 crore. The order also encompasses post-commissioning operations and maintenance services for a span of 10 years. Kailash Tarachandani, Group CEO of the INOXGFL Group's Renewables business, expressed satisfaction with the significant contract, which serves as a testament to the confidence institutional customers place in the company's capabilities.
Tarachandani emphasized that the company's expertise in delivering comprehensive wind project solutions positions it well to support clients in their move towards cleaner energy sources. The order bolsters INOX Wind's diversified customer base, which includes commercial and industrial customers, public sector enterprises, and independent power producers.
India's renewable energy transition is generating substantial opportunities for wind power, with large enterprises and public sector organizations seeking dependable partners to deliver projects efficiently and responsibly.
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