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Inox Wind Ltd.
Inox Wind
Inox Wind Ltd. live price is ₹ 0.00. Price change 0.00, 0.00 percent.
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Electricals
Small-cap - With a market cap of ₹127.89 Cr.
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Company Profile
Inox Wind (IWL), part of the INOXGFL Group, is one of India’s leading providers of wind energy solutions. The company caters to a wide spectrum of clients, including Independent Power Producers (IPPs), utilities, Public Sector Undertakings (PSUs), corporates and retail investors. With several state-of-the-art manufacturing facilities located across Gujarat, Himachal Pradesh and Madhya Pradesh, the company ensures complete in-house production of key turbine components, backed by advanced technology and rigorous quality standards.
The company’s wind turbines are specifically designed to perform efficiently in the low wind speed conditions prevalent in India, delivering reliable, cost-effective and high-performance solutions. Being one of the leading fully integrated players in the wind energy market in India, the company provides end-to-end turnkey solutions to customers.
The company’s offerings include manufacturing and supplies of 2MW & 3MW class WTGs (Wind Turbine Generators), EPC (Engineering, Procurement, and Construction) & infrastructure development (through subsidiary Inox Renewable Solutions or IRSL) and Operations and Maintenance (O&M) (through subsidiary Inox Green Energy Services or IGES). As a fully integrated player, the company plays a vital role in accelerating India's renewable energy transition.
The company has ISO 9001:2008, ISO 14001:2004, OHSAS 18001 and ISO 3834 certifications for its management systems pertaining to the manufacturing, installation, commissioning and O&M of wind turbines.
Business area of the company
The company is a leading, fully integrated wind energy solutions provider with a strong pan-India presence. Supported by robust manufacturing facilities, advanced O&M capabilities and a record-high order book, the company is well-positioned to support the expansion of wind energy in India.
Services
- Infrastructure: Its Infrastructure services encompass the whole lifecycle of wind farm projects, from site identification and resource assessment to land acquisition and project commissioning. The company leverages advanced technology and expert insights for optimal turbine placement and integration with power systems, prioritizing safety, efficiency, and sustainability for both setup and long-term performance.
- Operations & Maintenance: Its Operations and Maintenance (O&M) services ensure optimal performance of wind farms through proactive maintenance, advanced technology, and strategic partnerships. The company provides 24/7 on-site support, predictive maintenance, and real-time monitoring, focusing on maximizing energy output and minimizing downtime. Its approach emphasizes environmental responsibility and operational excellence.
Major Events
- 2009: The company entered into technology and license agreements for wind turbine generators with AMSC and rotor blade sets with WINDnovation.
- 2010: The company’s WTG plant commenced commercial operations and its first WTG was erected and commissioned in Tamil Nadu.
- 2010: The company’s rotor blade plant commenced commercial operations.
- 2011: The company’s tubular steel tower plant commenced commercial production.
- 2011: The company’s WT2000DF model received C-WET type certification.
- 2011: The company was included in the Revised List of Models & Manufacturers of Wind Turbines issued by C-WET.
- 2011: The company’s first 50MW wind power project at Gujarat, got commissioned.
- 2012: The company’s subsidiary, IWISL was incorporated.
- 2013: The company entered into a license agreement with WINDnovation for the new WB488-2.0-3 rotor blades.
- 2013: The company has commenced work on wind farms of more than 400 MW in the states of Gujarat, Rajasthan and Maharashtra.
- 2013: The company becomes the 4th largest WTG company in India in terms of WTGs installed in a year as per the WISE Report.
- 2013: IWISL, The company’s wholly owned subsidiary, had acquired 100% shareholding in MSEIL a company located in Madhya Pradesh, whereby MSEIL became a wholly owned subsidiary of IWISL.
- 2014: The company has been issued ratings of A/stable for long term bank loan and A1 for Commercial papers and letter of credit by CRISIL.
- 2014: The company has entered into licensing agreement with WINDnovation for manufacturing rotor blade sets with 113 meters diameter.
- 2014: The company has commenced production of nacelles, hubs and towers suitable for 100 meters rotor diameter blades.
- 2014: The company successfully implemented LVRT (Low Voltage Ride Through) system in its turbines.
- 2015: The company’s has commenced production of 100 mts rotor diameter blades at its Rohika Unit.
- 2016 - Inox Wind Commissions Common Power Evacuation Infrastructure in Madhya Pradesh.
- Inox Wind Infrastructure Services Ltd., a Wholly Owned Subsidiary of Company has acquired Sarayu Wind Power (Kondapuram) Private Ltd.
- NTPC Limited Partners Inox Wind to foray into Wind Energy.' - 2019: The company received a LoI from Adani Green Energy to supply, erect and commission 501.6 MW of wind power projects, across projects won under SECI auctions.
- 2019: The company commissioned the common power evacuation facilities at Dayapar site in District Bhuj in the State of Gujarat.
- 2019: The company signed deal for sale of 50 MW wind power project in Gujarat.
- 2019: The company bagged an order for a 38 MW wind power project to be developed at Anjar in the State of Gujarat from ReNew Power under the SECI - 2 regime.
- 2019: The company signed a Term Sheet with Continuum Power Trading (TN), part of Continuum Wind Energy group, to supply, erect and commission 250 MW of wind power comprising of a mix of 2 MW and 3 MW turbines.
- 2020: The company bagged new orders for the supply and installation of wind turbine generators of 40 MW from retail customers spread across various industries.
- 2021: The company bagged new orders for the supply and installation of wind turbine generators of 62 MW from IPPs and retail customers spread across various industries for third party sales and captive consumption.
- 2021: The company signed a binding agreement with Integrum Energy Infrastructure to supply, erect and commission 92 MW of wind power projects comprising of 2 MW turbines with a combination of total turnkey and limited scope supply.
- 2021: The company bagged an order for a 150 MW wind power project from NTPC Renewable Energy, a wholly owned subsidiary of NTPC, to be commissioned in the state of Gujarat.
- 2022: The company bagged an order for a 200 MW wind power project from NTPC Renewable Energy, a wholly owned subsidiary of NTPC, to be commissioned in the state of Gujarat.
- 2022: The company commissioned India’s first 3.3 MW wind turbine in Rajkot in the state of Gujarat.
- 2023: The company bagged an order for a 150MW wind power project from NTPC Renewable Energy, a wholly subsidiary of NTPC Green Energy, which is the RE business vertical of NTPC.
- 2024: The company received a Letter of Intent (LoI) for executing a 50 MW ISTS connected wind power project on a turnkey basis from NLC India.
- 2024: The company bagged an order for the supply of 210 MW of Wind Turbine Generators (WTGs) from Hero Future Energies (HFE).
- 2024: The company incorporated four wholly owned subsidiaries in the name of Junachay Wind Energy, Dharvi Kalan Wind Energy, Dangri Wind Energy and Kadodiya Wind Energy.
- 2024: The company incorporated wholly-owned subsidiary (WOS), namely, Pokhran Wind Energy, on June 25, 2024, as a special purpose vehicle (SPV) to develop wind farms in India.
- 2024: Inox Wind’s promoter -- Inox Wind Energy (IWEL) infused Rs 900 crore into the company, following which the wind energy solutions provider will become a net debt-free company.
- 2025: The company bagged a 153 MW order from a leading renewable energy developer, which is a member of a large global clean energy company.
- 2025: The company bagged a 51 MW order from First Energy (FEPL), a Thermax Group company and a leading renewable energy solutions provider in the commercial & industrial space in India.
- 2025: The company secured a 102.3 MW order from Aditya Birla Renewables’ subsidiary -- ABREL EPC. This is the first order secured by the company from Aditya Birla Renewables.
- 2026: The company signed an MoU with Inox Clean Energy (Inox Clean), India’s fastest-growing independent power producer (IPP) and solar cell & module manufacturing platform, to supply 1,500 MW of wind turbines.

