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What is the story about?
Inox Wind Ltd., on Tuesday, December 16, announced that it has secured a repeat 100 mega watt (MW) order from Jakson Green. The stock though, is trading with losses in the early minutes of trade.
The order is for the supply of Inox Wind's 3.3 MW turbines for Jakson Green's projects in Gujarat. Inox Wind will also provide limited scope engineering, procurement and construction (EPC) for the project as multi-year operations and maintenance (O&M) services post the commissioning of the turbines, it said.
Inox Wind added that it had recently also won a 100 MW order from the same customer.
With the new order, the company's total order inflow for the financial year 2026 stands at 600 MW, with an additional 2.5 giga watt (GW) of framework agreement to be executed over the next three years. Large annual orders from Inox Clean provide additional order inflow visibility, it added.
"Our relationships with new customers start with smaller orders, maturing into repetitive large orders," Sanjeev Agarwal, the CEO of Inox Wind, said.
On Monday, December 15, the company secured a 102.3 MW order from Aditya Birla Renewables subsidiary ABREL EPC Ltd.
This is its first order from Aditya Birla Renewables, which is for the supply of 3.3 MW turbines for the projects being developed by ABREL EPC Ltd. in Karnataka.
Last month, InoxGFL Group's executive director Devansh Jain, said the firm is sticking to Inox Wind's execution guidance of 1,200 MW for the year and its margin outlook of 18%-19%, despite the second quarter margin crossing 20%.
Inox Wind reported its strongest-ever second quarter performance last month. Its consolidated revenue increased 56% to ₹1,162 crore from the previous year, while its earnings before interest, tax, depreciation and amortisation was up 48% at ₹271 crore.
Shares of Inox Wind were down 0.4% at ₹125.46 apiece around 9.50 AM on Tuesday. The stock has declined 31.9% this year, so far.
Also Read: This Tata Group stock will create 'long-term' value, Motilal Oswal projects 31% upside
The order is for the supply of Inox Wind's 3.3 MW turbines for Jakson Green's projects in Gujarat. Inox Wind will also provide limited scope engineering, procurement and construction (EPC) for the project as multi-year operations and maintenance (O&M) services post the commissioning of the turbines, it said.
Inox Wind added that it had recently also won a 100 MW order from the same customer.
With the new order, the company's total order inflow for the financial year 2026 stands at 600 MW, with an additional 2.5 giga watt (GW) of framework agreement to be executed over the next three years. Large annual orders from Inox Clean provide additional order inflow visibility, it added.
"Our relationships with new customers start with smaller orders, maturing into repetitive large orders," Sanjeev Agarwal, the CEO of Inox Wind, said.
On Monday, December 15, the company secured a 102.3 MW order from Aditya Birla Renewables subsidiary ABREL EPC Ltd.
This is its first order from Aditya Birla Renewables, which is for the supply of 3.3 MW turbines for the projects being developed by ABREL EPC Ltd. in Karnataka.
Last month, InoxGFL Group's executive director Devansh Jain, said the firm is sticking to Inox Wind's execution guidance of 1,200 MW for the year and its margin outlook of 18%-19%, despite the second quarter margin crossing 20%.
Inox Wind reported its strongest-ever second quarter performance last month. Its consolidated revenue increased 56% to ₹1,162 crore from the previous year, while its earnings before interest, tax, depreciation and amortisation was up 48% at ₹271 crore.
Shares of Inox Wind were down 0.4% at ₹125.46 apiece around 9.50 AM on Tuesday. The stock has declined 31.9% this year, so far.
Also Read: This Tata Group stock will create 'long-term' value, Motilal Oswal projects 31% upside
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