New Delhi: Inox Wind Limited has won a 100 MW turnkey order from Indian Oil Corporation Limited (IOCL) valued at about Rs 755 crore, the company said in a statement on Thursday. The award covers the full build of the project and 10 years of maintenance once it is commissioned.
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The company will handle the project end-to-end. That begins with the supply of wind turbine generators (WTGs) and runs through engineering, procurement and construction (EPC) work and project execution. Its role then continues after the machines start turning, through post-commissioning operations and maintenance (O&M) services.
Inox Wind described the award as a repeat order from Indian Oil. It said the contract strengthens a customer base that spans commercial and industrial (C&I) buyers, public sector undertakings (PSUs) and independent power producers (IPPs).
Kailash Tarachandani, Group CEO, Renewables business, INOXGFL Group, said, "We are pleased to have secured this 100 MW turnkey order from Indian Oil Corporation Limited, a Maharatna company and India's largest oil marketing company. 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."
He linked the order to a wider shift in who is buying wind capacity in India. "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," Tarachandani said. "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."
Inox Wind runs five manufacturing plants across Gujarat, Madhya Pradesh and Himachal Pradesh, where it makes blades, tubular towers, and hubs and nacelles. Its manufacturing capacity stands at 2.5 GW a year, built around a 3 MW turbine series, with a 4.45 MW series described as upcoming. The company is part of the INOXGFL Group, which it puts at USD 16 billion and which operates in chemicals and renewable energy.
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The maintenance side of the business sits with a listed subsidiary, Inox Green Energy Services Limited, which the company said holds a portfolio of about 13.3 GW of assets including investments. A second subsidiary, Inox Renewable Solutions, earlier Resco Global Wind Services Private Limited, provides EPC services for wind and solar projects and builds shared infrastructure, including power evacuation.