Posted on March 7, 2025, by Niftynews
Inox Wind shares surged 3% on Friday, reaching a high of Rs 157 on the Bombay Stock Exchange (BSE) following a 153 MW order from a prominent renewable energy player. This order win represents a significant milestone for Inox Wind shares and strengthens the company’s position in the competitive wind energy market.
With this boost, Inox Wind shares have managed to reduce their year-to-date losses to 15.96%, offering positive momentum for investors. The increase in Inox Wind stock price reflects investor optimism after securing the large order for 3 MW class turbines for a project being developed in Tamil Nadu.
153 MW Order for Tamil Nadu Wind Project
The 153 MW order for Inox Wind represents a major achievement in the wind energy sector. The company will supply 3 MW class turbines for a project in Tamil Nadu and provide operations and maintenance (O&M) services for the turbines once they are commissioned.
The project, being developed by a global clean energy company, highlights the growing demand for Inox Wind turbines in India’s renewable energy sector. This order win reinforces Inox Wind‘s status as a key player in the wind energy market and positions it well for future growth in this expanding sector.
In addition to supplying turbines, Inox Wind will also offer limited scope EPC (Engineering, Procurement, and Construction) services, solidifying its involvement in the renewable energy project lifecycle.
Inox Green Energy Services Ltd Performs Well
Along with the positive performance of Inox Wind shares, its subsidiary, Inox Green Energy Services Ltd, also saw an increase of 2.33%, bringing its share price to Rs 129.45. This subsidiary specializes in operations and maintenance services for wind energy projects and continues to be a critical part of Inox Wind‘s strategy.
Inox Green Energy Services Ltd is the only listed wind O&M services company in India, with a growing portfolio of 3.5 GW in operational capacity. This strong performance has a direct influence on Inox Wind stock as investors show confidence in the company’s full-service offering.
CEO’s Statement on the Order Win
Commenting on the 153 MW order, Inox Wind’s Group CEO, Kailash Tarachandani, expressed his enthusiasm for the company’s growing customer base and market presence. He noted:
“We are thrilled to announce this 153 MW order from a leading renewable energy player in India, marking the addition of another strong customer to our well-diversified order book. As India’s commercial and industrial (C&I) market continues to expand, Inox Wind’s expertise in wind project execution, backed by its robust product and servicing excellence, positions us as the partner of choice for large renewable energy projects.”
This statement emphasizes Inox Wind’s leadership in wind energy, backed by its integrated approach to turbine manufacturing and project execution, further boosting confidence in Inox Wind shares.
Manufacturing Capabilities and Future Outlook
As a fully integrated player in the wind energy sector, Inox Wind has four manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh, where it produces key components such as blades, tubular towers, and hubs & nacelles.
With its 3 MW series WTG offering, Inox Wind has increased its manufacturing capacity to 2.5 GW per annum, positioning itself well to meet growing demand in the renewable energy market. This capacity expansion ensures Inox Wind stock will continue to see growth in line with the sector’s expansion.
Through its subsidiary Resco Global Wind Services, Inox Wind provides EPC services for wind projects, including power evacuation infrastructure for renewable energy projects, further enhancing its footprint in the industry.
Conclusion: Positive Momentum for Inox Wind Shares
The recent 153 MW order win marks a positive turning point for Inox Wind shares, signaling growing investor confidence. As India continues to focus on renewable energy, Inox Wind stock is poised to benefit from its strong market position, diversified portfolio, and robust manufacturing capabilities.
Investors will likely continue to watch Inox Wind shares closely as the company capitalizes on this opportunity, positioning itself for continued success in the wind energy sector.
