Shares of Inox Wind Ltd were trading in the red and 2% lower on 6 November after the company announced securing fresh orders totalling 229 megawatts (MW) from two different renewable energy providers, bolstering its order book.

An Indian independent power producer (IPP) has placed an order for up to 160 MW of its 3.3 MW wind turbine generators, including a definite order of 112 MW and an option for an additional 48 MW. The projects will be scattered over numerous sites, and the contract will cover limited-scope EPC and multi-year operations and maintenance (O&M) services.

In addition, Inox Wind received a repeat order for 69 MW from another IPP, part of a significant global renewable energy business, for a project in Maharashtra. This follows a 153 MW order from the same customer in March 2025, demonstrating increased client trust and recurrent business, it said.

According to Kailash Tarachandani, group CEO (Renewables) at INOXGFL Group, the newest orders confirm customer confidence in the company’s technology and execution capabilities. “New customer orders as well as repeat orders from existing customers highlight the confidence which our clients place on our technology, execution capabilities, and long-term service excellence,” he said.

According to Inox Wind CEO Sanjeev Agarwal, the robust order inflows indicate the market’s acceptance of the company’s 3 MW class turbine technology and growing presence in India’s renewable energy sector.  He also stated that the company is in advanced conversations with many customers and expects to finish FY26 with an order book covering 18-24 months of execution plans.

Inox Wind, part of the INOXGFL Group, has four manufacturing units in Gujarat, Himachal Pradesh, and Madhya Pradesh, with an annual production capacity of around 2.5 GW. Its subsidiary, Inox Green Energy Services Ltd, operates around 13 GW of renewable O&M assets, making it India’s sole publicly traded pure-play renewable O&M company.

At 12:10 pm, the shares of Inox Wind were trading 2.42% lower at Rs 151.03 on NSE.

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