Inox Wind Secures ₹755 Crore Turnkey Project From Indian Oil Corporation

Key Takeaways

Inox Wind has secured a 100 MW wind energy turnkey order from Indian Oil Corporation valued at Rs 755 crore.
The project includes turbine supply, engineering, procurement, construction, and post-commissioning operations and maintenance.
This deal enhances Inox Wind’s diverse customer portfolio and reinforces its position as a leader in wind energy solutions.

Project Overview

Inox Wind announced a significant milestone by securing a 100 MW wind energy turnkey order worth Rs 755 crore from Indian Oil Corporation (IOC), one of India’s largest oil marketing companies. This order was confirmed in a company statement on Thursday.

The contract will be executed on a turnkey basis, which means Inox Wind will oversee all aspects of the project. This includes the supply of wind turbine generators, engineering, procurement, and construction (EPC) services, as well as project execution and post-commissioning operations and maintenance (O&M) services.

Kailash Tarachandani, the Group CEO of INOXGFL Group’s Renewables division, expressed enthusiasm about this achievement, highlighting the significance of working with IOC, classified as a Maharatna company. This designation reflects IOC’s status as a prominent player in the industry.

The new order not only signifies a substantial investment from a reliable customer but also strengthens Inox Wind’s diversified portfolio. The company serves a range of clients, including commercial and industrial customers, public sector undertakings, and independent power producers. This project will further cement its reputation as an integrated wind energy solutions provider.

In summary, this substantial order represents a strategic advancement for Inox Wind, marking a key development in its ongoing expansion within the renewable energy sector. The execution of this project is set to showcase Inox Wind’s comprehensive capabilities, spanning the entire lifecycle of wind energy projects, from turbine supply and project development to EPC and long-term O&M services.

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