Inox Wind Ltd update on India's single largest wind order

Inox Wind Limited (IWL), India's leading wind energy solutions provider, updated today that the execution of the 990 MW turnkey order out of the 1,500 MW framework agreement signed is in full swing across multiple locations in the states of Gujarat, Rajasthan and Madhya Pradesh. IWL has received all the advances related to these projects and commissioning is expected in phases from FY26 onwards. This order from Purvah Green Private Limited, a subsidiary of CESC Ltd., is the single largest wind order awarded by an IPP in India to any wind OEM.

Commenting on this occasion, Mr. Kailash Tarachandani, Group CEO, Inox Wind Ltd., said, "We are pleased to announce that we are now executing the entire 990 MW of 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."

Mr. Sandeep Kashyap, CEO - Renewables Business at RPSG Group, said "We are pleased with the progress which we have achieved on this project. Our partnership with Inox Wind will be a strong catalyst in our quest to achieve multi-fold growth in our renewable portfolio over the next few years. This is an important project for us, which will significantly contribute to achieve our green ambitions."

Shares of Inox Wind Limited was last trading in BSE at Rs. 167.40 as compared to the previous close of Rs. 162.70. The total number of shares traded during the day was 546641 in over 4941 trades.

The stock hit an intraday high of Rs. 172.80 and intraday low of 166.55. The net turnover during the day was Rs. 92588702.00.

Source : Equity Bulls

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InoxWind INE066P01011 WindEnergyProject OrderUpdate