Inox Wind Bags First Order of 51 MW from a Thermax Group Company; Board Meeting for Rights Issue Scheduled on July 23

On Wednesday at 10:20 am IST, the BSE Sensex climbed 0.2%, trading at 82,347, while the NSE Nifty 50 advanced 0.2% to 25,104, following strength in Asian markets after news of a U.S.–Japan trade agreement. 

In the early morning, Inox Wind informed exchanges that it has secured an order for supplying turbines to First Energy Private Limited. Details are as given below:

Inox Wind Secures FEPL Order

Inox Wind Limited (IWL), a prominent wind energy solutions provider in India, has announced that it has secured a 51 MW order from First Energy Private Limited (FEPL), a company within the Thermax Group and a leading renewable energy solutions provider in the commercial and industrial (C&I) sector across India. This marks the first order received by Inox Wind from FEPL.

The contract entails the supply of Inox Wind's 3 MW class turbines, which feature a 140-meter hub height and a rotor diameter of 145 meters. These turbines are slated for deployment at FEPL's project site currently under development in Tamil Nadu, through its Special Purpose Vehicle (SPV), First Energy 10 Private Limited. The scope of the order also includes limited EPC (Engineering, Procurement, and Construction) services for the project, encompassing supervision, as well as comprehensive multi-year operations and maintenance (O&M) services following the commissioning of the Wind Turbine Generators (WTGs). These services will be executed through Inox Wind's subsidiaries.

As of March 2025, the company’s current order book is approximately 3.2 GW, providing significant revenue visibility over the next 2–3 years. It maintains a well-diversified customer base, including NTPC, CESC, NLC India, Hero Future Energies, Inox Clean Energy, Continuum, Integrum, and Amplus.

Meeting for Right Issue on July 23, 2025 

The Board of Directors of Inox Wind had earlier approved raising funds through a Rights Issue of equity shares for an amount not exceeding ₹1,250 crores. In this regard, we wish to inform you that a meeting of the Board of Directors is scheduled to be held on Wednesday, July 23, 2025, to consider and approve, inter alia, the record date, issue price, rights entitlement ratio, terms of the issue, and other related matters pertaining to the Rights Issue.

Inox Wind Share Price

On Wednesday, Inox Wind share price was trading in negative territory. As of 10:33 am IST, the stock was trading at ₹165.45 per share, down by 0.05%.

On a year-to-date basis, the stock is down by 8.53% while in the last 12 months, it has seen a surge of 8.29%. In the longer period of 5 years, the stock has given returns of 1,748% to its investors.

Disclaimer: The article is for informational purposes only and not investment advice