Shares of Inox Wind Ltd rallied 6% on 9 July after the company announced securing an order for 200 megawatts (MW) from a renewable C&I power producer that has to be executed across the states of Rajasthan and Gujarat. 

According to the release, the order is for the company’s most recent 3 MW (each) Wind Turbine Generators (WTGs), and the order also entails end-to-end turnkey execution.

Furthermore, Inox Wind will offer multi-year operations and maintenance (O&M) services following commissioning.

Kailash Tarachandani, CEO of Inox Wind, said, “I believe this, along with our existing order book and strong order pipeline, reinforces our commitment towards achieving substantial growth in FY25 and beyond.”

Earlier last week, the company received a capital infusion of Rs 900 crore from promoter Inox Wind Energy Limited. The fund was raised via the sale of company equity shares via a block deal that attracted participation from several high-profile investors. 

Inox Wind is a fully integrated player in the wind energy market, operating four manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh. These facilities produce blades, tubular towers, hubs, and nacelles. With its MW series WTG offering, Inox Wind’s manufacturing capacity stands at around 2.5 GW per annum.

At 12:54 pm, the shares of Inox Wind were trading 2.89% higher at Rs 162.72 on NSE.