Inox Wind Limited (IWL), a leading player in India's wind energy solutions market, has announced a significant breakthrough in its business operations. The company has secured a substantial order for 153 MW, marking a major milestone in its growth trajectory.

Order Details

The order, received from a prominent renewable energy developer, encompasses the supply of Inox Wind's advanced 3 MW class turbines. The project is set to be developed in Tamil Nadu, further strengthening the company's presence in the southern region of India.

Scope of the Contract

The contract goes beyond mere supply, showcasing Inox Wind's comprehensive service offerings:

• Supply of 3 MW class turbines
• Limited scope Engineering, Procurement, and Construction (EPC) services
• Multi-year Operations & Maintenance (O&M) services post-commissioning

This all-encompassing approach underscores Inox Wind's capability to provide end-to-end solutions in the wind energy sector.

Strategic Importance

Mr. Kailash Tarachandani, Group CEO of Inox Wind Ltd., expressed his enthusiasm about the deal, stating:

"We are delighted to announce a large 153 MW order from one of the leading renewable energy players in India, adding another strong customer to our well diversified and large orderbook."

He further emphasized the growing importance of the commercial & industrial (C&I) market in India's renewable energy landscape, highlighting Inox Wind's position as a partner of choice for large renewable project developers.

Company Profile

Inox Wind Limited, part of the US$ ~12 billion INOXGFL Group, has established itself as a fully integrated player in the wind energy market. The company boasts:

• Four state-of-the-art manufacturing plants across Gujarat, Himachal Pradesh, and Madhya Pradesh
• Production capabilities for Blades, Tubular Towers, Hubs & Nacelles
• A manufacturing capacity of ~2.5 GW per annum
• ISO 9001:2008, ISO 14001:2004, OHSAS 18001, and ISO 3834 certifications

Market Position

This new order reinforces Inox Wind's strong position in the renewable energy sector. With its subsidiary, Inox Green Energy Services Ltd., being the only listed wind O&M services company in India, and a portfolio of ~3.5 GW, Inox Wind is well-positioned for future growth.

The company's ability to offer end-to-end wind energy solutions, from concept to commissioning and O&M, sets it apart in the competitive landscape. As India continues to push for increased renewable energy adoption, Inox Wind's latest order win signals a promising outlook for the company and the wind energy sector at large.

INOX Wind Ltd. (NSE: INOXWIND, BSE: 539083) has witnessed a notable change in its shareholding pattern as a prominent smallcap fund significantly increased its stake in the company through open market transactions.

Acquisition Details

SMALLCAP World Fund, Inc., a well-known smallcap fund, has acquired 2,550,038 shares of INOX Wind through open market purchases. This acquisition, completed on February 20, 2025, represents approximately 0.1956% of the company's total share capital.

Impact on Shareholding

Prior to this transaction, SMALLCAP World Fund held 64,993,504 shares, equivalent to a 4.9850% stake in INOX Wind. Following the acquisition, the fund's total shareholding has increased to 67,543,542 shares, pushing its ownership to 5.1805% of the company's equity.

Shareholding Changes

Significance of the Move

This substantial purchase by a smallcap fund signals increased investor interest in INOX Wind, potentially reflecting positive sentiment about the company's prospects in the renewable energy sector. The crossing of the 5% ownership threshold is particularly noteworthy, as it often triggers regulatory disclosure requirements and can be seen as a vote of confidence in the company's future.

Company Overview

INOX Wind Ltd. is a key player in India's wind energy sector, specializing in manufacturing wind turbine generators and providing turnkey solutions for wind farm projects. The company's total equity share capital stands at 1,303,793,984 shares, as reported in the latest regulatory filing.

Market Implications

While the immediate market reaction to this development remains to be seen, such significant investments by institutional investors often attract attention from other market participants. It may lead to increased scrutiny of INOX Wind's operations, financials, and growth strategies in the coming months.

Investors and market analysts will likely keep a close eye on INOX Wind's performance and any subsequent changes in its shareholding pattern, as these could potentially influence the company's stock price and market perception in the short to medium term.