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Inox Wind has secured a repeat order from Jakson Green (Jakson) for 100 MW, following the 100 MW order recently won from the same customer. This order is for the supply of IWL's 3.3 MW turbines for the projects being developed by Jakson in Gujarat.
Additionally, IWL will provide limited scope EPC for the project as well as multi-year operations & maintenance (O&M) services post the commissioning of the turbines.
With the addition of this order, total order inflow for FY26 now stands at ~ 600 MW, with an additional 2.5 GW of framework agreement to be executed over the next three years. Large annual orders from Inox Clean provide additional order inflow visibility.
Sanjeev Agarwal, CEO of Inox Wind, said, “We are delighted to have received a 102.3 MW order from Aditya Birla Renewables (ABReL), a marquee renewable project developer. ABREL has large-scale plans to set up and deliver long-term clean energy solutions to its customers, and we are pleased to be part of ABREL’s mission to drive India’s energy transition and achieve its decarbonization and sustainability targets. We continue to make rapid progress on developing relationships with new customers and fortifying the existing ones. New as well as repeat orders are a testament to our robust product and service offerings, which will convert into strong growth going ahead.”
Inox Wind (IWL) is India’s leading wind energy solutions provider servicing IPPs, utilities, PSUs & corporate investors. IWL is a fully integrated player in the wind energy market with four manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh, where blades, tubular towers, and hubs & nacelles are manufactured.
The company’s consolidated net profit surged 257.3% to Rs 91.75 crore on a 52.7% rise in revenue from operations to Rs 1,119.18 crore in Q2 FY26 over Q2 FY25.
Shares of Inox Wind shed 0.84% to Rs 123.50 on the BSE.
Inox Wind Ltd fell for a fifth straight session today. The stock is quoting at Rs 137.71, down 0.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.29% on the day, quoting at 26115.75. The Sensex is at 85365.62, down 0.31%.Inox Wind Ltd has eased around 9.53% in last one month.Meanwhile, Nifty Energy index of which Inox Wind Ltd is a constituent, has increased around 0.88% in last one month and is currently quoting at 36232.7, down 0.83% on the day. The volume in the stock stood at 83.88 lakh shares today, compared to the daily average of 83.05 lakh shares in last one month.
The benchmark November futures contract for the stock is quoting at Rs 137.93, down 0.33% on the day. Inox Wind Ltd tumbled 24.37% in last one year as compared to a 9.24% rally in NIFTY and a 1.62% fall in the Nifty Energy index.
The PE of the stock is 40.62 based on TTM earnings ending September 25.
Inox Solar (ISL) announced today the it has entered into an exclusive Memorandum of Understanding (MoU) with KPI Green Energy (KPI). The MoU establish a strategic partnership aimed at jointly developing 2.5 GW of solar and hybrid renewable energy projects across multiple states in India.
Under the MoU, ISL will supply solar modules and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre commissioning, commissioning and O&M for the solar modules.
KPI will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing Balance of Plant and EPC works. KPI will also manage O&M of the project.
This integrated approach enables both companies to combine their core competencies to ensure timely, seamless and high-quality project execution.
Inox Wind (IWL) has entered into an exclusive Memorandum of Understanding (MoU) with K.P. Energy (KPE).
The MoU establish a strategic partnership aimed at jointly developing 2.5 GW of wind and wind-solar hybrid power projects across multiple states in India.
Under the MoU, IWL along with its subsidiaries will supply Wind Turbine Generators and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre-commissioning, commissioning and O&M of wind turbine generators.
KPE will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing Balance of Plant and EPC works. KPE will also manage O&M of Balance of Plant of the project.
Under the MoU, both the company will jointly develop 2.5 GW of wind and wind-solar hybrid power projects across multiple states in India.
KPE will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing balance of plant and engineering, procurement, and construction (EPC) works. KPE will also manage operations & maintenance (O&M) of balance of plant of the project. IWL will supply wind turbine generators and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre-commissioning, commissioning and O&M of wind turbine generators.
Faruk G. Patel, founder and MD, KPE, said, “KPE is committed to advancing large-scale renewable energy infrastructure, and this partnership with INOX marks a significant strategic step in that direction. By combining KPE’s depth of experience in project development, statutory planning and balance-of-plant execution with IWL’s proven manufacturing and engineering capabilities, we are establishing a robust collaborative platform capable of delivering complex wind and hybrid assets at scale.
This MoU reinforces our long-term objective of building reliable, integrated clean-energy solutions and strengthens our ability to contribute effectively to India’s national renewable energy goals.”
Kailash Tarachandani, group CEO renewables, INOXGFL Group, said, “Inox Wind’s partnership with KP Energy is a collaboration of two renewable industry leaders, capitalizing on the strong product, ground-level execution and project-development excellence of the two companies. The synergies between Inox Wind’s manufacturing excellence, engineering depth and product reliability, and KPE’s extensive on-ground development experience enables both companies to pursue large-scale renewable opportunities with greater confidence and operational strength. “
K.P. Energy is primarily engaged in providing balance of plant (BOP) solutions in the wind energy sector. The company offers comprehensive, turnkey solutions for utility-scale wind and wind-solar hybrid power projects.
Inox Wind (IWL) is India’s leading wind energy solutions provider servicing IPPs, utilities, PSUs & corporate investors. IWL is a fully integrated player in the wind energy market with four manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where blades, tubular towers, as well as hubs & nacelles are manufactured.
Additionally, the company will provide limited scope EPC for the project as well as multi-year operations & maintenance (O&M) services post the commissioning of the turbines.
Sanjeev Agarwal, CEO, Inox Wind, said, “We are delighted to have secured a 100 MW order from a new customer, with several additional orders to be received going ahead. This order follows up our recent 229 MW wins from other existing and new customers, taking our total order inflow in FY26 to approximately 400 MW till date. We are in advanced stages of closure for securing multiple other orders which will ensure that our year-end net orderbook meets our execution guidance for the subsequent 18-24 months. With the strong momentum across the hybrid renewables space in India, we believe that the forthcoming opportunities in the wind industry are substantial.”
The company’s consolidated net profit surged 928.8% to Rs 105.86 crore on 29.2% increase in net sales to Rs 826.25 crore in Q1 FY26 over Q1 FY25.
The scrip shed 0.82% to end at Rs 150.60 on the BSE.