Inox Wind Limited — Capital/Financing Update 2023

Jun 8, 2023

Deepak Digitally signed by Deepak Banga Date: 2023.06.08 Banga 07:48:05 +05'30'

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PRESS RELEASE

Inox Wind bags 100 MW order for its 3.3 MW turbines

• Bags 100 MW turnkey project from ABEnergia Renewables Pvt. Ltd.

• Order for our state-of-the-art 3.3 MW turbine

• Project to be executed at Dayapar site in the Kutch district, Gujarat

• Scheduled Commercial Operation Date (SCOD) of the project is set for 2024

Noida, June 8, 2023, 2023: Inox Wind, India’s leading wind energy solutions provider, has bagged an order for a 100MW wind power project from ABEnergia Renewables Pvt Ltd (ABEnergia), an Independent Power Producer. As part of the order, Inox Wind will supply and install state-of-the-art, new generation 3.3 MW wind turbine generators with 145 m rotor dia & 120 m hub height. The project will be executed on a turnkey basis at Dayapar site in the Kutch district, Gujarat and is scheduled to be commissioned by 2024.

The necessary infrastructure facilities, including the 220 KV pooling substation at Dayapar and extra high voltage transmission line have already been commissioned successfully, therefore the project will be executed on a plug and play basis. Additionally, as part of the agreement, Inox Wind will be responsible for comprehensive multi-year operation and maintenance (O&M) services for the project.

ABEnergia is an end-to-end partner for renewable energy solutions across India. ABEnergia works as a smart energy platform that partners with commercial and industrial (C&I) consumers in India providing them with hybrid energy solutions that deliver sustainable and clean power and assist in reducing their carbon footprint.

On the signing of this order, Mr Ateesh Samant, COO of ABEnergia, said, “We are happy to partner with Inox Wind for developing this project with their latest 3.3 MW turbine. This order is part of the larger hybrid capacity being developed by ABEnergia for its C&I customers and takes us one step closer towards our target of 1.5 GW of hybrid energy solutions”.

Commenting on the occasion Mr. Kailash Tarachandani, CEO of Inox Wind, said, ‘This order re-emphasises not only the credentials of Inox Wind Limited as the leading wind energy solutions provider but also of the strong tailwinds that the sector is witnessing. This also paves the way for a strong growth trajectory that we have chartered out for us. I firmly believe that with the impetus in the sector and combined with our latest 3.3MW offering, IWL should grow manyfold from here on’.

ABOUT INOX WIND:

Inox Wind Limited (IWL) is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. IWL is a part of the USD ~ 5 BN INOX GFL Group, the group has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with three state-of-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh. The Plant near Ahmedabad (Gujarat) and Barwani (Madhya Pradesh) manufactures Blades & Tubular Towers while Hubs & Nacelles are manufactured at the Company’s facility at Una (Himachal Pradesh). It also has a facility for manufacturing Hubs & Nacelles at Bhuj, Gujarat. Inox Wind’s manufacturing capacity stands at 1,600 MW per annum.

IWL manufactures key components of WTGs, using the most advanced technology, in-house, to maintain high quality, reliability and cost competitiveness. IWL has obtained ISO 9001:2008, ISO 14001:2004, OHSAS 18001 and ISO 3834 certifications for its management systems pertaining to the manufacturing, installation, commissioning and O&M of wind turbines. Inox Wind offers complete end-to-end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, Inox Wind offers services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and long-term O&M of wind power projects.

For more information please contact: Investor Relations Inox Wind Limited Phone: 0120- 6149 600 Email: investors.iwl@inoxwind.com