About Indowind Energy Limited

Indowind Energy Limited is a public limited company incorporated on July 19, 1995. It was converted into a deemed public company on September 30, 1997 and became a listed entity on the Bombay Stock Exchange and the National Stock Exchange of India on September 14, 2007. The company develops, owns, operates and maintains wind power generation assets, and is engaged in the generation and distribution of renewable energy with a focus on wind projects.

Indowind’s footprint spans the high-wind states of Tamil Nadu and Karnataka. As on the latest year, it operates 125 windmills with a combined capacity of 47.995 MW—30.90 MW in Tamil Nadu and 17.095 MW in Karnataka. Power is sold under the group captive scheme, via third-party sales to corporates, and to the State Electricity Board BESCOM under Power Purchase Agreements. The company began its journey in 1995 with its first 225 KW windmill in Tamil Nadu and has grown by acquiring and operating brownfield windmills as well as developing greenfield projects.

Indowind has two subsidiaries. The subsidiaries are engaged in wind power generation and allied activities, and their financials are consolidated with the company’s results as presented in the annual report.

Key Milestones of Indowind Energy Limited

• 1995: Commenced business with the first 225 KW machine in Tamil Nadu.
• Front-runner in setting up a wind farm project in Karnataka.
• Added 2 MW capacity and initiated group captive power sales in Tamil Nadu.
• Introduced third-party power sales to clients.
• March 2009: Added 9 MW capacity.
• 100th windmill commissioned at Nettur, Tamil Nadu.
• Completed GDR issue and listed in the Luxembourg Stock Exchange.
• Began redemption/conversion of FCCBs.
• 4.775 MW capacity of windmills repowered.
• Implemented MIS software for improved operations monitoring.

Indowind Energy Limited Business Segment

Indowind develops, owns, operates and maintains wind power assets, generating and distributing renewable energy with a focus on wind projects. The company operates 125 windmills with a total capacity of 47.995 MW—30.90 MW in Tamil Nadu and 17.095 MW in Karnataka—and sells power under group captive, third-party and PPA arrangements (including BESCOM).

Indowind Energy Limited Key Management

• K.S. Ravindranath – Whole-time Director
• N.K. Haribabu – Whole-time Director
• Niranjan Raosaheb Jagtap – Director
• Hari Babu N. K. – Director – Finance
• Sharath – Company Secretary

Latest Updates on Indowind Energy Limited

• Capacity expansion through acquisition: During FY 2024-25, Indowind acquired 100% of Ind Eco Ventures Limited, an unlisted public company with windmills in Tamil Nadu and Karnataka. This increased Indowind’s wind capacity by 9.675 MW, reinforcing its presence in group captive and third-party sales segments.
• Operational performance: Machine availability improved to 90% in Tamil Nadu and 89.61% in Karnataka during the year. The company’s Automation Programme continued to run smoothly, providing MIS for operational and executive decision-making.
• Regulatory and structural moves: The Board approved a Scheme of Amalgamation to merge Indeco Ventures Limited (a wholly owned subsidiary) with Indowind Energy Limited. An application has been filed with the Hon’ble NCLT, Chennai Bench; the next hearing was scheduled for May 28, 2025.
• Material contracts and transactions: Key related-party transactions during the year included Power Share Revenue of Rs 957.47 Lakh with a subsidiary (approved on August 14, 2024) and the purchase of wind turbines worth Rs 1,512 Lakh from a promoter group entity on December 18, 2024.
• Listing and compliance note: The company remains listed on BSE and NSE and confirms compliance with listing requirements for the year, continuing a listing history that began on September 14, 2007.