Inox Wind signs MoU for supply of 1,500 MW wind turbines; here's how the stock is faring

Inox Wind shares jumped 4% to touch an intraday high of ₹93.30 apiece after the company on Tuesday, June 16, said it has signed an MoU with Inox Clean Energy.

The Memorandum of Understanding (MoU) has been signed to supply 1,500 MW of wind turbines to Inox Clean Energy with IWL’s advanced 3.3 MW and 4 MW wind turbines for renewable energy projects being developed by Inox Clean across India.

The MoU follows the group's recently launched transformative ‘One Integrated’ renewable strategy, aimed at creating a fully integrated renewable energy ecosystem spanning manufacturing, EPC, IPP, and O&M services.

In a statement, Inox Wind said this is in line with the elaborate interplay within INOXGFL Group entities, aiding execution and revenue generation and creating a virtuous cycle of collaboration among Group companies. Large orders from the group companies will help secure growth and insulate the business from market cycles.

“This MoU represents a significant milestone in the execution of the INOXGFL Group’s ‘One Integrated’ renewable strategy. As Inox Clean accelerates towards its target of building a 14 GW renewable energy portfolio by FY29, having access to world-class wind manufacturing, execution, and O&M capabilities within the group provides us with a distinct competitive advantage,” said Bharat Saxena, CEO, Inox Clean Energy.

The integrated strategy combines the strengths of Inox Clean Energy, Inox Renewable Solutions (IRSL), Inox Green Energy Services, and Inox Wind to create a scalable renewable energy powerhouse with enhanced execution capabilities, stronger recurring revenue streams, and long-term growth visibility.

Inox Clean is targeting an operational renewable portfolio of 14 GW by FY29. Approximately 20%–30% of these annual additions are expected to be wind, translating into multi-year recurring order visibility for Inox Wind and creating a strong foundation for sustained growth.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, utilities, PSUs, and corporate investors. “We have a robust order book of 3.1 GW, and, with this new MoU, our order book crosses 4.5 GW, which covers us for the next few years,” said Sanjeev Agarwal, CEO, Inox Wind.

Inox Wind share price

At 2:16 PM, shares of Inox Wind were trading at ₹91.42 apiece on the National Stock Exchange, surging 1.72%.

In a month, shares of the company have lost over 3%, while for six months’ time, they have tanked 28%. From the beginning of the year, Inox Wind shares have fallen 25.5%.

Shares of the company had touched their one-year high of ₹187.02 apiece on June 11, 2025, while their 52-week low of ₹75.05 was hit on March 30, 2026.

According to NSE data, the company has a market capitalization of ₹15,796.09 crore.