Inox Wind has signed a memorandum of understanding (MoU) with Inox Clean Energy for the supply of 1,500 MW of wind turbines. This strategic agreement, announced on June 16, 2026, reinforces the INOXGFL Group's 'One Integrated' renewable strategy and provides multi-year revenue visibility for Inox Wind. The company's order book has subsequently crossed 4.5 GW, supported by a robust existing pipeline of 3.1 GW.

Agreement Details

The MoU entails the supply of Inox Wind's advanced 3.3 MW and 4X MW series wind turbines for renewable energy projects being developed by Inox Clean across India. This collaboration leverages the interplay within INOXGFL Group entities to aid execution and revenue generation, creating a virtuous cycle that helps insulate the business from market cycles.

Order Book and Strategic Impact

With the addition of this MoU, Inox Wind's order book has risen from 3.1 GW to over 4.5 GW. This substantial backlog covers the company for the next few years and underscores its manufacturing capacity of approximately 2.5 GW per annum. The agreement aligns with the Group's strategy to combine the strengths of Inox Clean Energy, Inox Renewable Solutions, Inox Green Energy Services, and Inox Wind into a scalable renewable energy powerhouse.

Inox Clean's Growth Trajectory

Inox Clean, the counterparty and Group entity, has rapidly emerged as a leading renewable platform. The company achieved an operational portfolio of approximately 3.5 GW within its first two years and plans to add over 3 GW of renewable capacity annually. Inox Clean targets an operational renewable portfolio of 14 GW by FY29, with approximately 20%–30% of these annual additions expected to be wind power.

Management Commentary

Mr. Sanjeev Agarwal, CEO of Inox Wind, highlighted the significance of the steady multi-year order inflow, noting that the robust order book positions the company well for sustained growth. Mr. Bharat Saxena, CEO of Inox Clean Energy, emphasized that the partnership provides a distinct competitive advantage in terms of execution speed, supply chain certainty, and capital efficiency as Inox Clean scales its platform.

Promoters of inox wind have confirmed that no fresh encumbrance was created on the company's shares during the financial year ended March 31, 2026. The declarations were submitted to the National Stock Exchange of India Limited and BSE Limited on April 8, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures provide transparency regarding the pledging of shares by the promoter group, a key metric for investor risk assessment.

Inox Leasing and Finance Limited, acting as the promoter, confirmed that neither it nor any persons acting in concert have created any encumbrance on shares other than those already disclosed. Similar confirmations were submitted by members of the promoter group, including Aryavardhan Trading LLP, Vivek Kumar Jain, Devansh Jain, and Nandita Jain. These entities stated that no direct or indirect encumbrance was created on equity shares during FY26.

Devansh Trademart LLP, a member of the promoter group, provided specific details regarding existing share pledges. The entity confirmed that while no new encumbrance was created, a portion of its holding remains pledged as previously disclosed to the exchanges.

The declarations were signed by authorized representatives, including Vivek Kumar Jain as Director of Inox Leasing and Finance Limited and Designated Partner of Aryavardhan Trading LLP and Devansh Trademart LLP. The filings were addressed to the Secretaries of BSE Limited and the National Stock Exchange of India Limited, requesting that the information be placed on record.