Inox Wind Ltd. has announced that it received a Letter of Intent (LoI) from IGREL Renewables Ltd. (IGREL) to develop a 550 MW wind energy project on a turnkey basis. The project involves supplying, installing, and commissioning Wind Turbine Generators (WTGs), along with providing multi-year comprehensive operations and maintenance (O&M) services after commissioning.
The project is set to be executed over the next 24 months across multiple sites in Gujarat, Rajasthan, and Madhya Pradesh. This new order adds to Inox Wind’s previous 200 MW contract, expanding the company’s order book to over 3.5 GW.
“This is a significant milestone for Inox Wind and strengthens our position to achieve our 2 GW annual execution target by FY27, thanks to our growing order book. With favorable industry conditions and our strategic advantages, we are well-positioned to seize the vast opportunities in the wind energy sector over the next decade,” said Kailash Tarachandani, Group CEO of Inox Wind.
For the quarter ending in June, Inox Wind reported an 83% revenue increase compared to the same period last year, reaching ₹638.8 crore. The company also posted a net profit of ₹48 crore, a significant turnaround from a net loss of ₹63.5 crore in the previous year.
Inox Wind Ltd. is a leading Indian manufacturer and service provider in the wind energy sector. Established as part of the Inox Group, the company specializes in the production of wind turbine generators, offering turnkey solutions that include design, development, and installation of wind power projects.
Inox Wind operates state-of-the-art manufacturing facilities in Gujarat, Himachal Pradesh, and Madhya Pradesh, producing key components such as nacelles, hubs, rotor blade sets, and towers. The company focuses on promoting clean energy and supporting India’s renewable energy goals, contributing to the reduction of carbon emissions and reliance on fossil fuels. In addition to its domestic market, Inox Wind is expanding its reach globally by offering cost-effective and efficient wind energy solutions.
