Inox Wind share price rose 0.8% on Monday after Inox Wind Limited (IWL), recognised as India’s leading provider of wind energy solutions, today announced a significant milestone, having secured a 102.3 MW order from ABREL EPC Ltd. ABREL EPC Ltd. is a subsidiary of Aditya Birla Renewables Limited (ABReL). The stock initially slipped more than 1% after opening, but later it recovered from day’s low to trade in green.
This order marks the first partnership between Inox Wind and Aditya Birla Renewables. The agreement entails IWL supplying its 3.3 MW turbines for projects that ABREL EPC Ltd. is developing in Karnataka.
On this occasion, Mr. Sanjeev Agarwal, CEO, Inox Wind Ltd., 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 decarbonisation 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 of our robust product and service offerings, which will convert into strong growth going ahead.”
Inox Wind reported strongest ever financial and operational performance in Q2FY26. In Q2FY26, revenue of the company surged by 56% YoY; EBITDA up 48% YoY and PBT rose to ₹169 crore, up by 93% YoY. Profit after tax (PAT) rose by 43% YoY. PAT was impacted by a deferred tax charge of ₹43 crore, which is a non-cash accounting adjustment.
IWL is a fully integrated entity within the wind energy market, servicing Independent Power Producers (IPPs), Utilities, PSUs, and Corporate investors. The company is part of the multi-billion-dollar INOXGFL Group, a conglomerate with a legacy spanning over nine decades, focusing primarily on chemicals and renewable energy.
IWL maintains five advanced manufacturing plants across Gujarat, Himachal Pradesh, and Madhya Pradesh, where key components like Blades, Tubular Towers, Hubs, and Nacelles are manufactured. With the introduction of its state-of-the-art 3 MW series Wind Turbine Generator (WTG) offering, IWL's total manufacturing capacity stands at approximately 2.5 GW per annum.
In addition to manufacturing, IWL provides comprehensive, end-to-end wind energy solutions, ranging from the initial concept phase through commissioning and ongoing Operations & Maintenance (O&M). The company’s subsidiary, Inox Green Energy Services Ltd., is India's sole listed pure-play renewable O&M services company, managing a strong portfolio (including investments) of about 13 GW of assets.
Inox Wind share price rose 0.8% on Monday after the company announced that it had secured a 102.3 MW order from ABREL EPC Ltd. The stock initially slipped more than 1% after opening but later recovered sharply.
As of 10:26 am, Inox Wind shares were trading at ₹125.65 apiece, up 0.79%. Despite the intraday gains, the stock has fallen 15.17% over the past month and is down 36.50% so far this year.
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