Inox Wind
NSE
₹ 0.00
0.00 (0.00)%
Small-cap
With a market cap of ₹18.90L Cr.
Inox Wind was incorporated in April 2009, commenced operations in March 2010. It manufactures the key components of WTGs in-house with a view to ensuring high quality, advanced technology and reliability and maintaining cost competitiveness. It has facilities dedicated to manufacturing nacelles, hubs, rotor blade sets and towers. The company manufactures nacelles and hubs at its Una Unit, located in the Una district of Himachal Pradesh. The company’s rotor blade manufacturing facility and its tower manufacturing facility are housed in its Rohika Unit, located in the Ahmedabad district of Gujarat. The company has also commenced construction of a new integrated manufacturing facility at Barwani, Madhya Pradesh to produce nacelles and hubs, rotor blade sets and towers. It has established relationships with leading suppliers for raw materials, such as steel and epoxy, and those components that the company does not manufacture in-house, such as gearboxes, electric control systems (ECS) and generators.
The company’s 2 MW WTGs have been designed and developed after due assessment of wind site qualities and conditions across low wind resource locations such as those in India. It has a perpetual license from AMSC Austria GmbH (formerly Windtec GmbH), or AMSC, a leading wind energy technology company based in Austria, to manufacture 2 MW WTGs in India based on AMSC’s proprietary technology. The company’s license in India is exclusive, subject to three existing licenses that AMSC had previously granted for the production and sale of 2 MW WTGs worldwide, including in India. In addition to its license in India, the company also has a non-exclusive license to manufacture 2 MW WTGs outside India based on AMSC’s proprietary technology. It also has non-exclusive licenses from WINDnovation Engineering Solutions GmbH (based in Germany), or WINDnovation, for custom-made rotor blade sets.
Through its wholly owned subsidiaries, Inox Wind Infrastructure Services (IWISL) and Marut-Shakti India (MSEIL) the company provides turnkey solutions for wind farm projects. These services include wind resource assessment, site acquisition, project development, erection and commissioning, and also long term operations and maintenance of wind power projects. The company has acquired or expects to acquire access to certain Project Sites in Rajasthan, Gujarat, Andhra Pradesh and Madhya Pradesh and it expects to have access to Wind Sites Under Acquisition in Rajasthan, Gujarat, Andhra Pradesh, and Madhya Pradesh, which it estimate are suitable for the installation of an aggregate of 4,052 MW of capacity. The company intends to develop these Project Sites and Wind Sites Under Acquisition for customers as part of its turnkey model for wind farm development.
Business area of the company
The company is one of India’s leading wind power solutions providers. It manufactures wind turbine generators, or WTGs, and provides turnkey solutions by supplying WTGs and offering services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects.
Major Events
Certifications