Inox Wind shares gained 3.29% to touch ₹72.91 on Thursday, September 3, following the announcement of a significant contract win. According to Business Standard, the stock response reflects positive market sentiment toward the company's strengthened institutional customer base and integrated renewable energy capabilities. The 100 MW turnkey order worth ₹755 crore from Indian Oil Corporation includes comprehensive project lifecycle services, with the company responsible for end-to-end execution including wind turbine generators, engineering, procurement and construction, project execution, and 10-year post-commissioning operations and maintenance (O&M) services.
As reported by Business Standard, the contract encompasses the entire project lifecycle with Inox Wind responsible for end-to-end execution. Kailash Tarachandani, Group CEO, Renewables business, INOXGFL Group, emphasized that this repeat order from Indian Oil Corporation, a Maharatna company and India's largest oil marketing company, is a testament to the confidence that leading institutional customers place in the company's integrated capabilities and execution track record. The order strengthens Inox Wind's diversified customer portfolio, which spans commercial & industrial (C&I) customers, public sector undertakings (PSUs) and independent power producers (IPPs). The company stated that this order reinforces its position as an integrated wind energy solutions provider, with capabilities spanning turbine supply, project development, EPC and long-term O&M services.
According to Business Standard, Inox Wind's consolidated net profit declined 58.44% to ₹44 crore while net sales declined 1.47% to ₹814.10 crore in Q1 June 2026 over Q1 June 2025. This contrasts with the company's previous strong performance where consolidated net profit more than doubled to ₹97.34 crore in the June quarter compared to ₹41.59 crore in the year-ago period. The company's EBITDA declined 17% to ₹152.5 crore from ₹183.7 crore in the corresponding quarter last year, with margins contracting to 18.7% from 22.2% in the year-ago period. As of July 2026, Inox Wind has a diversified order book of around 4.4 GW from IPP, PSU, C&I and retail customers.
As reported by Business Standard, Inox Wind operates five manufacturing plants across Gujarat, Madhya Pradesh and Himachal Pradesh for manufacturing blades, tubular towers, hubs and nacelles. The company has manufacturing capacity of 2.5 GW per annum through its 3 MW and upcoming 4.45 MW wind turbine generator series. This integrated manufacturing and project execution capability positions the company as a comprehensive wind energy solutions provider, supporting its ability to execute large-scale projects like the current 100 MW order with Indian Oil Corporation.
As reported by The Economic Times, Inox Wind shares have faced challenges with 9.89% decline in the last one month and 42% decline in 2026 so far. However, the stock has shown longer-term strength with 39.41% gains in the last three years and 156% growth in the last five years. According to NSE data, as of September 3, 2026, Inox Wind has a total market capitalisation of ₹12,403.56 crore. The company reiterated its 75% year-on-year revenue growth and 20% to 22% EBITDA margin guidance for future quarters, with the latest contract win reinforcing its position as an integrated wind energy solutions provider.
