Inox Wind Shares Climb on 153 MW Order Win in Tamil Nadu

Shares of Inox Wind (IWL) experienced a 2% surge following the announcement of a significant 153 MW wind turbine supply order from Tamil Nadu. This development reinforces the company's strong position in India's burgeoning renewable energy sector and follows a period of robust financial performance. The project in Tamil Nadu will involve Inox Wind supplying its advanced 3 MW class wind turbine generators (WTGs). Furthermore, IWL will be responsible for the crucial aspects of operations and maintenance (O&M) after the project's commissioning, ensuring long-term performance and reliability. This new order comes on the heels of Inox Wind's impressive Q3 FY25 financial results, which significantly boosted investor confidence. The company reported a consolidated profit after tax (PAT) of Rs 239 crore for the October-December quarter, a remarkable leap from the Rs 33 crore recorded in the same period last year. Revenue also nearly doubled, reaching Rs 994 crore compared to Rs 507 crore in the previous year. The company's burgeoning order book, a key indicator of future revenue, stands at a healthy 3,286 MW as of the end of Q3 FY25. This represents a substantial 28% increase from the 2,575 MW recorded a year earlier, highlighting the company's growing market share and strong demand for its products. Kailash Tarachandani, Group CEO of Inox Wind, expressed optimism about the company's trajectory, stating, "We are adding new customers and remain focused on execution as India’s renewable energy sector expands." This strategic focus on expanding its client base and ensuring efficient project execution is proving fruitful for IWL.