Inox Wind shares climbed as much as 2% to a day high of ₹77.98 on Wednesday after bagging a ₹1,600 crore turnkey order from NLC India.

The Vadodara based wind turbine maker said in its exchange filing that this is a repeat order from NLC India, a state run power company.

The project involves setting up 200 MW of wind capacity, and Inox Wind will handle the entire job from start to finish.

That means supplying the wind turbine generators, doing the engineering, procurement and construction work, and then sticking around afterward for operations and maintenance.

The company has 24 months from the date of the letter of award to get the project commissioned.

CEO Sanjeev Agarwal said the order reflects the strength of the company’s turnkey capabilities and execution track record, adding that a diversified pipeline gives Inox Wind good visibility on future growth.

With this win, the company’s total order book now stands at 4.7 GW, spread across commercial and industrial clients, government undertakings and independent power producers.

It also builds on an earlier order from late 2025, when Inox Wind secured a 102.3 MW project from ABREL EPC, a subsidiary of Aditya Birla Renewables.

The order comes at a time when the stock has had a difficult year. Inox Wind fell nearly 3% on Tuesday and has lost more than half its value over the past twelve months.

The company is also yet to report its June quarter numbers, though its March quarter showed profit falling over 51% and revenue slipping nearly 2.4%.

As of 12:10 pm on NSE, Inox Wind was trading at ₹77.78, up 2.42% or ₹1.84 from the previous close of ₹75.94.

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