Inox Wind has received a substantial boost after landing a 100 MW turnkey wind energy contract from Indian Oil Corporation. The deal, valued at ₹755 crore, highlights the company's growing influence in India’s renewable energy sector.
The comprehensive agreement covers the entire lifecycle of the project, including the procurement of wind turbine generators, civil engineering, and full-scale project execution. Additionally, Inox Wind will manage operations and maintenance for a decade, ensuring long-term project viability.
Key project details include:
- Total capacity of 100 MW
- End-to-end EPC services
- 10-year maintenance contract
While the market responded positively with a 2% uptick in share price, the company still faces broader headwinds this year. Investors remain optimistic that this major institutional contract will solidify the firm's foothold in the green energy transition.
