Inox Wind on Monday announced that it has secured a 102.3 MW order from Aditya Birla Renewables EPC, a subsidiary of Aditya Birla Renewables (ABReL), for the supply of wind turbines in Karnataka.
In a regulatory filing, the company said the order is for the supply of IWL’s 3.3 MW turbines for projects being developed by ABReL EPC in the state. Commenting on the partnership, Sanjeev Agarwal, CEO of Inox Wind, said:
“We are delighted to have received a 102.3 MW order from Aditya Birla Renewables (ABReL), a marquee renewable energy project developer. ABReL has large-scale plans to set up and deliver long-term clean energy solutions to its customers, and we are pleased to be part of ABReL’s mission to drive India’s energy transition and achieve its decarbonisation and sustainability targets. We continue to make rapid progress in developing relationships with new customers and strengthening existing ones. New as well as repeat orders are a testament to our robust product and service offerings, which will translate into strong growth going ahead.”
Inox Wind currently operates five manufacturing plants across Gujarat, Himachal Pradesh and, Madhya Pradesh, where blades, tubular towers, hubs and nacelles are manufactured.
Inox Wind Q2FY26 results
For Q2FY26, Inox Wind reported revenue of Rs 1,162 crore, up nearly 56% year-on-year. The company posted a net profit of Rs 121 crore, up 43% from the same period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 271 crore.
Market reaction
Following the announcement, Inox Wind’s share price rose by nearly 1%. Over the past one month, the stock has declined by over 14%.