2 hrs ago
Inox Wind Wins Rs 755 Crore Repeat Order From IOC
Inox Wind is a company that builds and operates wind-energy projects.
It received a new repeat order worth Rs 755 crore from IOC.
A repeat order means the customer is hiring the company again.
Inox Wind will supply the wind turbines and manage the project from start to finish.
It will also provide maintenance after the project begins operating.
The order comes as India seeks to use more renewable energy.
However, Inox Wind’s shares have fallen sharply in 2026.
Analysts will watch whether the company can increase revenue and complete projects as planned.
Inox Wind received a Rs 755 crore repeat order from Indian Oil Corporation (IOC).
The company will handle turbine supply, engineering, procurement, construction, project execution and post-commissioning operations and maintenance.
The order expands Inox Wind’s customer base across commercial and industrial customers, public sector undertakings and independent power producers.
Inox Wind shares have fallen 42.82% in 2026, compared with a 6.86% decline for Suzlon Energy.
The stock closed at Rs 70.59, while the Bloomberg consensus target price was Rs 110.
- Who
- Inox Wind received the order from Indian Oil Corporation (IOC).
- What
- A Rs 755 crore repeat order covering wind turbine supply, engineering, procurement, construction, project execution and post-commissioning operations and maintenance.
- Where
- The article identifies Inox Wind manufacturing facilities in Gujarat, Madhya Pradesh and Himachal Pradesh.
- When
- The order was reported alongside Inox Wind’s 2026 share performance and June-quarter results; the stock closed on Wednesday at Rs 70.59.
- Why
- The order supports IOC’s wind-energy project needs and reflects growing demand for renewable-energy solutions in India.
Key facts
- Order value
- Rs 755 crore
- Customer
- Indian Oil Corporation (IOC)
- Project responsibility
- End-to-end execution, including turbine supply, EPC, project execution and post-commissioning O&M
- 2026 share performance
- Down 42.82% so far
- Closing share price
- Rs 70.59 on Wednesday
- Bloomberg consensus target
- Rs 110, implying 55% potential upside
- Manufacturing capacity
- 2.5 GW per annum
Quotes
Kailash Tarachandani
Group CEO of the Renewables business at INOXGFL Group
“India’s renewable energy transition is creating significant opportunities for wind power, with large enterprises and public sector organisations increasingly looking for reliable partners who can deliver projects with efficiency and accountability. We are committed to leveraging our technology, manufacturing and execution capabilities to deliver high-quality projects while contributing meaningfully to India’s clean energy ambitions.”
businesstoday.in
“This repeat order is a testament to the confidence that leading institutional customers place in our integrated capabilities and execution track record. With our ability to deliver comprehensive solutions across the wind project lifecycle, we remain well positioned to support customers in their transition towards cleaner sources of energy.”
businesstoday.in
Sources
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