Inox Wind Order Book Crosses 4.7 GW After Bagging ₹1,600 Crore NLC India Deal

Inox Wind secured a repeat order of 200 MW from NLC India for approximately ₹1,600 crore on Wednesday, taking its total order book to 4.7 gigawatts across a diversified mix of commercial and industrial customers, public sector undertakings and independent power producers.

The project will be executed on a turnkey basis within 24 months of the Letter of Award (LoA). Under the contract, Inox Wind will handle end-to-end delivery, including supply of wind turbine generators, engineering, procurement and construction, and post-commissioning operations and maintenance services.

What The Order Covers

• Order value: Approximately ₹1,600 crore.

• Capacity: 200 MW.

• Client: NLC India, one of India's largest public sector power companies.

• Scope: Wind turbine generator supply, EPC and post-commissioning operations and maintenance.

• Timeline: 24 months from LoA date.

• Execution model: Fully turnkey.

Order Book Context

The 4.7 GW order book includes a spread across customer categories, giving Inox Wind revenue visibility across multiple segments.

Chief Executive Sanjeev Agarwal described the NLC India contract as a strong validation of the company's integrated turnkey capabilities and said the diversified order pipeline provides significant growth visibility.

Stock And Financial Backdrop

Inox Wind shares rose nearly 2% on Wednesday after the announcement. However, the stock has lost more than 50% over the past year. By the close of trade on Thursday, the shares ended 2.11% lower at ₹74.98.

The company's Q4FY26 results reflected margin pressure, with net profit falling 51.1% to ₹91.3 crore, revenue declining 2.4% to ₹1,244.2 crore and EBITDA dropping 21.5% to ₹200 crore. Q1FY27 results are yet to be released.

Also Read - IRFC Q1 Results FY27