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Inox Wind Limited — Capital/Financing Update 2024
Jul 9, 2024
59313_rns_2024-07-09_f35e539f-a8a6-4fdf-a0d7-e1bbafffaced.pdf
Capital/Financing Update
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IWL: NOI: 2024
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9[th] July, 2024
The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (E) Mumbai 400 001 Mumbai 400 051
Scrip code: 539083 Scrip code: INOXWIND
Sub: Press Release - Inox Wind bags order for 200 MW for its 3 MW WTGs
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the communication being released by the Company to the Press titled as “Inox Wind bags order for 200 MW for its 3 MW WTGs.”
We request you to take the above on record.
Thanking You
Yours faithfully, For Inox Wind Limited
Deepak Digitally signed by Deepak Banga Date: 2024.07.09 Banga 07:23:13 +05'30'
Deepak Banga Company Secretary
Encl: a/a
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PRESS RELEASE
Inox Wind bags order for 200 MW for its 3 MW WTGs
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200 MW order from a renewables C&I player to be executed on turnkey basis
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Post commissioning multi-year O&M services to be part of the contract
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Project to be executed in Gujarat and Rajasthan
Noida, July 9, 2024: Inox Wind Limited (IWL), India’s leading wind energy solutions provider, has bagged an order for 200 MW from a renewable C&I power producer. The order is for IWL’s latest 3 MW Wind Turbine Generators (WTGs) and the scope comprises of end-to-end turnkey execution. Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed across the states of Gujarat and Rajasthan.
Commenting on the occasion, Mr. Kailash Tarachandani, CEO of Inox Wind , said, "We are pleased to announce a large turnkey order for 200 MW. Inox Wind continues to be a preferred partner for renewable project developers given our capabilities and credentials to deliver large scale wind projects. I believe this, along with our existing order book and strong order pipeline, reinforces our commitment towards achieving substantial growth in FY25 and beyond."
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 US$ ~ 8 BN INOXGFL Group which 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 four state-ofthe-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where Blades, Tubular Towers, as well as Hubs & Nacelles are manufactured. With its state-of-the-art 3 MW series WTG offering, IWL’s manufacturing capacity stands at ~ 2.5 GW per annum.
IWL’s subsidiary, Inox Green Energy Services Ltd., is the only listed wind O&M services company in India, having a strong portfolio of >3.2GW and a multifold growth path ahead.
IWL offers complete end-to-end wind energy solutions from concept to commissioning to O&M, manufacturing key components of WTGs, using the most advanced technology, in-house, to maintain high quality, reliability and cost competitiveness. IWL has 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. With strong promoter backing, healthy balance sheet, robust stakeholder relationships, and bright macro prospects, IWL is embarking on an exciting journey of growth and profitability.
For more information please contact: Investor Relations Inox Wind Limited Phone (O): +91 120 614 9600 Email: [email protected]