Shares of Inox Wind Ltd. rallied by nearly 10% to touch a day’s high of Rs 236.95 on 13th August after the company announced that it had secured a 51 MW equipment supply order from Everrenew for its 3 MW class wind turbine generators.

The project will be carried out in Tamil Nadu, with Inox Wind also providing multi-year operations and maintenance services after commissioning.

Last week, the firm received a 201 MW equipment supply order from Integrum Energy involving the latest 3 MW wind turbine generators and similar post-commissioning services.

The firm will execute this project across four states: Madhya Pradesh, Rajasthan, Karnataka, and Maharashtra.

The company’s shares surged 20% yesterday after the company reported strong June quarter earnings, with an 83% revenue growth to Rs 638.8 crore and a net profit of Rs 48 crore, reversing a net loss of Rs 63.5 crore from the same quarter last year.

Devansh Jain, Executive Director of INOXGFL Group, mentioned that while the company hasn’t upgraded its 2025 and 2026 targets of 800 and 1,200 megawatts, the strong order book and current execution pace indicate significant growth potential.

He emphasized that their execution rate and profitability suggest a positive trajectory for the company’s future performance.

Inox Wind shares have surged 315% over the past year.

At 10:34 AM, the shares of Inox Wind Ltd. were trading 7.84% higher at Rs 224.91 on NSE.

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