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The scope of order comprises of a mix of equipment supply with limited scope of engineering, procurement and construction (EPC) for 180 MW and end-to-end turnkey execution for 99 MW.
Additionally, Inox Wind will also provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed by June 2025, with the WTGs being installed across Rajasthan and Gujarat.
This repeat order is from a large C&I customer for which Inox Wind has already executed about 325 MW of orders till date.
Kailash Tarachandani, CEO of Inox Wind, said, “This order highlights Inox Wind’s strong capabilities in end-to-end turnkey wind projects as well as pure-play equipment supplies, as we move towards having an equal proportion of both in our consolidated order book going ahead. I believe this order as well as our strong order inflow pipeline reinforces our commitment towards achieving substantial growth in execution and profitability in FY25 and beyond.”
Inox Wind is India's leading wind energy solutions provider servicing IPPs, utilities, PSUs & corporate investors. It is a fully integrated player in the wind energy market with three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh.
On a consolidated basis, Inox Wind’s net loss narrowed to Rs 24.12 crore in Q2 September 2023 as against net loss of Rs 132.87 crore in Q2 September 2022. Net sales zoomed 246.04% YoY to Rs 370.64 crore in Q2 September 2023.
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