Wind Energy Stock Surges 6% After Bagging India’s Largest IPP Wind Order

 🔹 Summary:

Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers, has announced significant progress on the execution of its 990 MW turnkey wind power order, part of a larger 1,500 MW framework agreement with Purvah Green Private Limited, a subsidiary of CESC Ltd. This marks the largest-ever wind order awarded by an Independent Power Producer (IPP) to any wind OEM in India — a major milestone for the renewable energy sector.

📊 Stock Performance

  • Following the project execution update, Inox Wind shares rose by 6.2%, hitting an intraday high of Rs.172.80.
  • Market Capitalization: Rs.22,079.75 Crore

📄 Key Project Details

  • Client: Purvah Green Private Limited (Subsidiary of CESC Ltd.)
  • Locations: Multiple sites across Gujarat, Rajasthan, and Madhya Pradesh
⚙️ Scope of Work:

  • Turnkey execution of 990 MW wind power capacity out of the total 1,500 MW framework

  • Involves supply, installation, commissioning, and related services
    📆 Status:

  • All project advances received

  • Commissioning to begin in phases starting FY26

🏢 About the Company:

Inox Wind Limited (IWL) is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. IWL is a part of the US$ ~ 12 BN INOXGFL Group which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with four stateof-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where Blades, Tubular Towers, as well as Hubs & Nacelles are manufactured. With its state-of-the-art 3 MW series WTG offering, IWL’s manufacturing capacity stands at ~ 2.5 GW per annum.

📢 Disclaimer

All content shared by Equity Insights Hub is meant for educational and informational purposes only. This is not financial advice. Please consult a SEBI-registered financial advisor before making any investment decisions. We are not responsible for any financial losses incurred.

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