Inox Wind Secures ₹755 Crore 100 MW Order from IOC
Inox Wind Ltd. gained attention on September 3 after securing a repeat 100 MW turnkey order from Indian Oil Corporation worth approximately ₹755 crore. The contract covers end-to-end project execution, including wind turbine generator supply, engineering, procurement and construction, along with post-commissioning operations and maintenance services.
The order provides a fresh addition to the company’s execution pipeline, while its latest financial performance remains mixed. For the June quarter, profit declined 34.2% year-on-year to ₹64.1 crore from ₹97.3 crore, while revenue fell 1.5% to ₹814.1 crore from ₹826.3 crore, marking the second consecutive quarter of revenue decline.
EBITDA also decreased 17% to ₹152.5 crore from ₹183.7 crore, with the EBITDA margin contracting to 18.7% from 22.2% in the year-ago period. Despite the softer quarterly performance, the company has retained its full-year guidance of 75% year-on-year revenue growth and an EBITDA margin of 20%–22%.
Overall, the new ₹755 crore order strengthens order visibility, while execution and the company’s ability to deliver on its FY26 growth and margin guidance remain key financial parameters to monitor.