Inox Wind shares rose on Thursday after bagging a ₹755 crore turnkey order from Indian Oil Corporation, hitting an intraday high of ₹72.30.

The contract covers a 100 MW wind power project, and Inox Wind is building it on a turnkey basis.

That means one company handles the whole job: supplying the wind turbines, managing engineering and construction, and then sticking around to run and maintain the site once it’s live.

Indian Oil, India’s largest fuel retailer, has also handed Inox Wind a 10-year post-commissioning maintenance contract as part of the deal.

Kailash Tarachandani, who heads the renewables business at INOXGFL Group, called it a repeat order and said the company stays focused on “delivering high-quality projects” as India adds more clean energy capacity.

This is the second large order for Inox Wind this year. Earlier this quarter, it had picked up a ₹1,600 crore order from NLC India Limited, and the two contracts together add meaningfully to its order book.

The timing is worth noting. Just weeks ago, Inox Wind reported a soft June quarter.

Profit fell 34.2% year on year to ₹64.1 crore, and revenue slipped 1.5% to ₹814.1 crore, with margins narrowing as well.

Even so, the company hasn’t touched its full year targets. It’s still guiding for 75% revenue growth and an EBITDA margin between 20% and 22%.

At 9:50 am, the stock was trading at ₹71.72 on the NSE, up 1.60% for the day. Inox Wind is still down more than 40% in 2026 and roughly 48% over the past year, well off its 52-week high of ₹159.30.

Thursday’s order gave the stock a bit of breathing room, though it hasn’t undone a rough year.

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