Posted on April 21, 2025, by Niftynews
Inox Wind share price experienced a notable surge of more than 6% on April 21, 2025, following the announcement of a significant 990 MW wind energy order. This order spans across key states of Gujarat, Rajasthan, and Madhya Pradesh, with commissioning expected to begin from FY26. The announcement marks a milestone for the company and demonstrates its growth trajectory in the renewable energy sector.
🔋 Details of the 990 MW Wind Energy Order
The 990 MW order is part of a larger 1,500 MW framework agreement signed with Purvah Green Private Ltd, a subsidiary of CESC Ltd. This is the largest single wind energy order awarded by an Independent Power Producer (IPP) in India to any wind Original Equipment Manufacturer (OEM). The deal has placed Inox Wind in a strong position to expand its footprint in India’s fast-growing renewable energy sector.
The execution of this turnkey order is currently underway across multiple locations in Gujarat, Rajasthan, and Madhya Pradesh. These states were specifically chosen due to their favorable wind conditions, open spaces, and supportive infrastructure for large-scale renewable energy projects. The company has already received all necessary advances for the projects, and commissioning will take place in phases starting from FY26.
Inox Wind’s commitment to delivering these projects on time and within the set parameters has further strengthened its reputation as one of India’s top players in the wind energy industry. The company has expressed confidence in meeting these deadlines while maintaining the highest standards of quality and efficiency.
🌬️ Strategic Importance of the Order
This 990 MW wind energy project is a significant step forward for Inox Wind. The agreement not only boosts the company’s order book but also deepens its relationship with a reputable client, Purvah Green Private Ltd. The strategic execution of the project will help the company gain visibility in the renewable energy market, and successfully delivering on this order will open doors for future collaborations with other power producers in India and abroad.
The phased commissioning approach is designed to align with the evolving energy demands in India, where renewable energy is becoming a cornerstone of the country’s energy policy. India aims to achieve 500 GW of renewable energy capacity by 2030, and Inox Wind is poised to contribute significantly to this ambitious goal.
📊 Inox Wind Share Price Performance
On April 21, 2025, Inox Wind share price opened at ₹166.60 and saw a significant rise, reaching ₹172.80, which marks a 6.21% increase from the previous day’s closing price of ₹162.70. By 10:35 AM, the stock was trading at ₹169.40, reflecting a steady gain of 4.12%. The positive market sentiment surrounding the company’s announcement has contributed to a strong performance on the stock market.
In the past year, Inox Wind share price has gained approximately 18%, hitting a 52-week high of ₹262.10 on September 23, 2024. This demonstrates the company’s ability to recover from market downturns and continue on a positive growth trajectory. However, the stock also saw a 52-week low of ₹124.35 on June 5, 2024, which makes the recent surge all the more significant, as investors regain confidence in the company’s growth prospects.
On a monthly scale, Inox Wind share price has seen an upward trend, with a 4% gain this month following an 8% rise in March. These positive movements reflect the company’s solid fundamentals and its ability to attract investor attention even amid broader market fluctuations.
🗺️ Project Locations: Gujarat, Rajasthan, and Madhya Pradesh
The 990 MW wind energy project spans three important states: Gujarat, Rajasthan, and Madhya Pradesh, each offering distinct advantages for large-scale wind energy installations.
- Gujarat: Known for its excellent wind conditions and developed infrastructure, Gujarat remains a hub for renewable energy investments. The state has robust policy support for renewable energy initiatives, making it an ideal location for Inox Wind’s large-scale projects.
- Rajasthan: With its vast open spaces and high wind potential, Rajasthan is becoming a key player in India’s wind energy sector. The state offers favorable conditions for the development of renewable energy resources, and Inox Wind project will contribute to tapping into this potential.
- Madhya Pradesh: Emerging as a renewable energy hub, Madhya Pradesh provides strategic benefits for wind energy development. The state has actively promoted clean energy projects, and Inox Wind’s presence will further enhance its renewable energy capacity.
These three states collectively form a crucial part of India’s renewable energy future, and Inox Wind project aligns perfectly with the country’s clean energy goals.
🧠 Management’s Perspective
Kailash Tarachandani, Group CEO of Inox Wind, expressed the company’s enthusiasm about the significant order, saying, “We are pleased to announce that we are now executing the entire 990 MW of the turnkey project for Purvah across multiple locations. We will commence the commissioning of the project in a phased manner starting FY26. This is a milestone order for Inox Wind from an esteemed customer, and we are confident of deepening our relationship further.”
This statement reflects Inox Wind’s commitment to delivering high-quality projects on time and strengthens its reputation in the renewable energy sector. The company is not only focusing on the timely execution of its projects but is also actively working on deepening its relationships with customers to ensure future collaborations.
📅 Looking Ahead: FY26 and Beyond
The phased commissioning of the 990 MW wind energy project is set to begin in FY26. This aligns with Inox Wind strategy to capitalize on India’s growing demand for renewable energy. The successful completion of this project will further strengthen the company’s position as a leading player in the wind energy market.
Inox Wind is also focused on continuing to innovate and improve its technology to ensure high efficiency and performance in future wind energy projects. As renewable energy becomes more important in India’s energy landscape, Inox Wind is poised to play a pivotal role in achieving the country’s renewable energy targets.
✅ Conclusion
Inox Wind share price surge, driven by the announcement of the 990 MW wind energy order, highlights the company’s strong position in India renewable energy sector. The order spans multiple locations in Gujarat, Rajasthan, and Madhya Pradesh and is expected to be commissioned in phases starting FY26. With a strong order book, experienced management, and a clear growth strategy, Inox Wind is set for continued success in the coming years.
As the renewable energy sector grows in India, Inox Wind is well-positioned to lead the charge in the wind energy market, contributing to India’s renewable energy goals and providing investors with long-term growth potential.
