Author Archives: INOX WIND

Energizing India

Sectoral headwinds behind, INOX consolidates its position for future growth

  • Significant YoY turn around in topline (Rs.1437 crs v. Rs.480 crs) and EBITDA margins (Rs.156 crs
    v. Rs.-81 crs)
  • Commissioning activities for SECI 1 project in full swing
  • Order Book stands at 1250.7 MW
  • Continuing our strong relationship with Adani Green Energy , received an LOI for 501.6 MW
  • Recently bagged 40 MW order under Gujarat State Auction

Press Release

Noida, May 18, 2019: Inox Wind Limited, India’s leading wind power solutions provider, reported its results for the fourth quarter & for the financial year ending 31st March 2019.

We ended the financial year FY19 with consolidated revenues of Rs. 1437 crores as compared to Rs. 480 crores in the previous year FY18. We have an EBITDA profit of Rs. 156 crores as compared to an EBITDA loss of Rs. 81 crores, cash profit of Rs.27 crs as against cash loss of Rs.133 crs and have a PAT loss of Rs. 39 crores as compared to a PAT loss of Rs. 185 crores in the previous year FY18. FY19 results reflect the beginning of sales under the auction regime post FY18 wherein there was a virtual shutdown of operations due to the transition from Feed-in-tariff regime to the auction regime.

With the readiness of central grid finally in April 2019, after a delay of over 15 months, Inox Wind is poised to commission SECI 1 project in the next couple of weeks in Dayapar, Gujarat. Our common infra at Dayapar, Gujarat will enable us to commission over 600 MW on the same infrastructure. Accordingly, execution of orders beyond SECI 1 will virtually be plug and play.

During the year, we achieved a significant milestone by entering into a technology agreement to launch the next generation 3.3 MW wind turbine with 146 rotor diameter, this will probably be the largest rotor diameter available in the country and will set new benchmarks in the Indian wind Industry. The 3.3 MW wind turbine platform will further reduce levelized cost of electricity (LCoE)
thereby supporting the government’s vision of a larger footprint for green energy.

During the year, we have received a letter of intent (LOI) from Adani Green Energy to supply, erect and commission 501.6 MW based on our next generation 3.3 MW turbine. We have also entered into an agreement with a leading MNC IPP who is our existing customer for an initial supply of 23.1 MW on the 3.3 MW platform wind turbine.

Mr. Devansh Jain, Executive Director of the Company stated, “There is a significant YoY turn around in topline, EBITDA margins and cash profits on the back of SECI-1 supplies and execution despite an over 15 month delay in the central grid readiness. With the common infrastructure in Gujarat virtually in place, the execution of of our SECI-1 projects are in full swing and we are well poised to commission this is the coming quarter.

Building on our order book, of our newly launched 3.3 MW platform, we have also received an initial order from our existing customer who is a leading MNC IPP for the supply of equipments for 23.1 MW.

Over the past few months, we have seen tariff stabilising which bodes well for the long term sustainable growth of the sector. With the sectoral headwinds behind us, INOX is uniquely positioned for significant sustainable growth going forward.”

With over 12.7 GW of auctions conducted since February 2017 and various auctions lined up over the next few months, there is a strong visibility on order inflows for the Indian wind power sector.

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Inox Wind 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) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 manufacturing, installation, commissioning and O&M of wind turbines.

IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL 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:
Jitendra Mohananey
Group Financial Controller
Phone: 0120- 6149 600
Email- Investors.iwl@inoxwind.com

Energizing India

Press Release

Inox Wind Commissions Common Power Evacuation Systems with ISTS network at Dayapar,Gujarat

  • 220 KV Sub-Station, 220 KV Transmission Line and Associated Infrastructure
    Commissioned
  • Common Infrastructure Facility to Evacuate over 600 MW Power

Noida, 24th June 2019: Inox Wind Limited, India’s leading wind energy solutions provider, is pleased to announce the commissioning of the common power evacuation facilities at Dayapar site in District Bhuj in the State of Gujarat.The common power evacuation systems for the wind park comprise of a 220 KV Sub-station, a 220 KV Double Circuit Transmission line and associated infrastructure. This common infrastructure is capable of supporting power evacuation of over 600 MW. This will enable commissioning of projects won under various SECI auctions with state of the art 2 MW & 3.3 MW wind turbines.

The successful commissioning of the common power evacuation facilities at Dayapar is testament to Inox Wind’s project execution prowess and further strengthens the Company’s position as the leading wind power solutions provider in Gujarat. Inox Wind presently has more than 1400 MW of developed and under development projects in the State and more than 2.6 GW installations all over India. With one of the largest project site inventories in the country across wind rich states, the Company has several projects which are currently under development as part of its turnkey solutions for clients.

Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land,developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post commissioning support.

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors. Inox Wind 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 plants near Ahmedabad (Gujarat) and Barwani (Madhya Pradesh) manufacture Blades & Tubular Towers while Hubs & Nacelles are manufactured at the company’s facility at Una (Himanchal Pradesh). Inox Wind’s manufacturing capacity stands at 1,600 MW per annum.

IWL manufacture key components of WTGs in-house to maintain high quality, most advanced technology, reliability and cost competitiveness. Inox Wind has obtained ISO 9001:2008, ISO 14001:2004, OHSAS 18001 and ISO 3834 certifications for its management systems pertaining to 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

Energizing India
  • Inox Wind turns back into profitability after a 4 quarter gap on back of start of SECI-1 execution.
  • Strong order book of 950MW. In discussions for additional orders from other winning IPPs.
  • Look forward to FY19 as being a strong turnaround year for the sector driven by execution of SECI & state orders.

Noida, August 07, 2018: Inox Wind Limited, India’s leading wind power solutions provider, reported its results for the second quarter of the financial year ending 31st March 2019.

We ended the quarter with revenues of Rs430 crores as compared to Rs106 crores in the previous year quarter. We returned to EBITDA profitability with a profit of Rs70 crores as compared to EBITDA loss of Rs13crores in the previous year quarter. We had a PAT profit of Rs10crores as compared to Rs39crores loss in the preceding year quarter. We view the quarter as a turnaround quarter after a painful transition period of more than 12 months.

The quarter had key positives including the company turning back into profitability on the back of commencement of execution for our SECI projects. We are strongly placed on back of our connectivity backed order book and intend to execute our order book over the course of next 12-18 months. We are also in discussions with other winning IPPs for orders which, if fruitful, would add to our order book in the coming quarters. We believe that our inherent cost-competitive advantage places us in an ideal position to benefit from the auction based market regime.

Mr. Devansh Jain, Executive Director of the Company stated, “The July-September quarter is the second consecutive quarter of profitability post the painful sector transition period. With the on-going supply and execution of our SECI projects, we aim to continually strengthen our position in the sector. We would continue to see the benefits of the auction regime flow in our financials with an on-going improvement in the various working capital parameters as well as increased profitability.

With FY18 firmly behind us, we look forward to FY19 with renewed vigour and enthusiasm to reap the benefits of the regime change with an improvement in the inventory, receivables, working capital parameters and increased profitability for Inox Wind.

The Indian Wind power sector has strong visibility on order inflow on back of the 10GW annual wind power auctions announced till 2028 on back of the lower tariffs in comparison to other competing energy sources like thermal, solar etc. This should result in a period of sustainable and strong growth for the Indian Wind sector.”

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Inox Wind 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) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The new integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 manufacturing, installation, commissioning and O&M of wind turbines.

IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL 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:

Atul Soni
Head – Investor Relations
Inox Wind Limited
Phone: 0120- 6149 600
Email- Investors.iwl@inoxwind.com

Inox Wind continues on track of profitability
  • Second consecutive quarter of profitability on back of on-going SECI project execution.
  • Healthy order book of 780 MW. In advanced discussions for significant additional orders.
  • Emerging stronger progressively despite prolonged sector transition issues.

Noida, November 05, 2018: Inox Wind Limited, India’s leading wind power solutions provider, reported its results for the second quarter of the financial year ending 31st March 2019.

We ended the quarter with revenues of Rs. 437 crores as compared to Rs. 80 crores in the corresponding previous year quarter. We have an EBITDA profit of Rs. 53 crores as compared to an EBITDA loss of Rs. 20 crores and have a PAT profit of Rs. 2 crores as compared to a PAT loss of Rs. 46 crores in the corresponding similar period. The sector is turning around after a painful transition period of over 15 months and we view this quarter as a reflection of Inox Wind emerging stronger progressively with on-going supplies and execution.

We are strongly placed on back of our connectivity backed order book and intend to execute our order book over the course of the next 12-18 months. We are in advanced stages of discussions for additional orders of over 600 MW, which, if fruitful, would add to our order book in the coming quarters. Over the quarter, Inox Wind has also readied itself and is on the cusp of launching its next generation multi megawatt wind turbines platform to further reduce levelized cost of electricity (LCoE) and provide superior returns to IPPs.

Mr. Devansh Jain, Executive Director of the Company stated, “The July-September quarter is the second consecutive quarter of profitability post the painful sector transition period. With the on-going supply and execution of our SECI projects, we aim to continually strengthen our position in the sector. We would continue to see the benefits of the auction regime flow in our financials with an on-going improvement in the various working capital parameters as well as increased profitability.

With almost 9 GW of auctions conducted in past 12 months and various auctions lined up over the next few months, there is a very strong visibility on order inflows for the Indian wind power sector. This coupled with wind tariffs being lower than thermal prices, we expect the sector to see a period of robust and sustainable growth going forward.”

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Inox Wind 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) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 manufacturing, installation, commissioning and O&M of wind turbines.

IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL 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:

Jitendra Mohananey]
Chief Financial Officer
Inox Wind Limited
Phone: 0120- 6149 600
Email- Investors.iwl@inoxwind.com

  • Second consecutive quarter of profitability on back of on-going SECI project execution.
  • Healthy order book of 780 MW. In advanced discussions for significant additional orders.
  • Emerging stronger progressively despite prolonged sector transition issues.

Noida, November 05, 2018: Inox Wind Limited, India’s leading wind power solutions provider, reported its results for the second quarter of the financial year ending 31st March 2019.

We ended the quarter with revenues of Rs. 437 crores as compared to Rs. 80 crores in the corresponding previous year quarter. We have an EBITDA profit of Rs. 53 crores as compared to an EBITDA loss of Rs. 20 crores and have a PAT profit of Rs. 2 crores as compared to a PAT loss of Rs. 46 crores in the corresponding similar period. The sector is turning around after a painful transition period of over 15 months and we view this quarter as a reflection of Inox Wind emerging stronger progressively with on-going supplies and execution.

We are strongly placed on back of our connectivity backed order book and intend to execute our order book over the course of the next 12-18 months. We are in advanced stages of discussions for additional orders of over 600 MW, which, if fruitful, would add to our order book in the coming quarters. Over the quarter, Inox Wind has also readied itself and is on the cusp of launching its next generation multi megawatt wind turbines platform to further reduce levelized cost of electricity (LCoE) and provide superior returns to IPPs.

Mr. Devansh Jain, Executive Director of the Company stated, “The July-September quarter is the second consecutive quarter of profitability post the painful sector transition period. With the on-going supply and execution of our SECI projects, we aim to continually strengthen our position in the sector. We would continue to see the benefits of the auction regime flow in our financials with an on-going improvement in the various working capital parameters as well as increased profitability.

With almost 9 GW of auctions conducted in past 12 months and various auctions lined up over the next few months, there is a very strong visibility on order inflows for the Indian wind power sector. This coupled with wind tariffs being lower than thermal prices, we expect the sector to see a period of robust and sustainable growth going forward.”

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Inox Wind 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) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 manufacturing, installation, commissioning and O&M of wind turbines.

IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL 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:

Jitendra Mohananey]
Chief Financial Officer
Inox Wind Limited
Phone: 0120- 6149 600
Email- Investors.iwl@inoxwind.com

Inox Wind continues on track of profitability
  • Second consecutive quarter of profitability on back of on-going SECI project execution.
  • Healthy order book of 780 MW. In advanced discussions for significant additional orders.
  • Emerging stronger progressively despite prolonged sector transition issues.

Noida, November 05, 2018: Inox Wind Limited, India’s leading wind power solutions provider, reported its results for the second quarter of the financial year ending 31st March 2019.

We ended the quarter with revenues of Rs. 437 crores as compared to Rs. 80 crores in the corresponding previous year quarter. We have an EBITDA profit of Rs. 53 crores as compared to an EBITDA loss of Rs. 20 crores and have a PAT profit of Rs. 2 crores as compared to a PAT loss of Rs. 46 crores in the corresponding similar period. The sector is turning around after a painful transition period of over 15 months and we view this quarter as a reflection of Inox Wind emerging stronger progressively with on-going supplies and execution.

We are strongly placed on back of our connectivity backed order book and intend to execute our order book over the course of the next 12-18 months. We are in advanced stages of discussions for additional orders of over 600 MW, which, if fruitful, would add to our order book in the coming quarters. Over the quarter, Inox Wind has also readied itself and is on the cusp of launching its next generation multi megawatt wind turbines platform to further reduce levelized cost of electricity (LCoE) and provide superior returns to IPPs.

Mr. Devansh Jain, Executive Director of the Company stated, “The July-September quarter is the second consecutive quarter of profitability post the painful sector transition period. With the on-going supply and execution of our SECI projects, we aim to continually strengthen our position in the sector. We would continue to see the benefits of the auction regime flow in our financials with an on-going improvement in the various working capital parameters as well as increased profitability.

With almost 9 GW of auctions conducted in past 12 months and various auctions lined up over the next few months, there is a very strong visibility on order inflows for the Indian wind power sector. This coupled with wind tariffs being lower than thermal prices, we expect the sector to see a period of robust and sustainable growth going forward.”

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Inox Wind 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) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 manufacturing, installation, commissioning and O&M of wind turbines.

IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL 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:

Jitendra Mohananey]
Chief Financial Officer
Inox Wind Limited
Phone: 0120- 6149 600
Email- Investors.iwl@inoxwind.com

Energizing India

Noida, February 08, 2019: Inox Wind Limited, India’s leading wind power solutions provider, reported its results for the third quarter of the financial year ending 31st March 2019.

We ended the quarter with revenues of Rs. 391 crores as compared to Rs. 91 crores in the corresponding previous year quarter. We have an EBITDA profit of Rs. 61 crores as compared to an EBITDA loss of Rs. 18 crores and have a PAT profit of Rs. 2 crores as compared to a PAT loss of Rs. 46 crores in the corresponding similar period. The sector is moving ahead towards a regime of sustainable volumes and growth post witnessing a painful transition over the past few quarters.

Over the quarter, we achieved a significant milestone by entering into a technology agreement to launch the next generation 3.3 MW wind turbine with 146 rotor diameter, this probably will be the largest rotor diameter available in the country and will sets new benchmarks in Indian wind Industry. The 3.3 MW wind turbine platform will further reduce levelized cost of electricity (LCoE) thereby supporting the government’s vision of a larger footprint for green energy.

We continue to maintain a strong partnership with Adani Green Energy and recently received a letter of intent (“LOI”) of 501.6 MW to supply, erect and commission the newly launched 3.3 MW wind turbines.

Mr. Devansh Jain, Executive Director of the Company stated, “The Company continues to be profitable for the third consecutive quarter and is well poised to strengthen its execution and delivery in coming quarters. The Company recently signed an exclusive technology agreement with AMSC to launch the next generation 3.3 MW wind turbine which will set new benchmarks in the Indian wind Industry. This is going to be revolutionary product in India and would offer superior performance and enable optimal utilisation of India’s low wind sites. We are also heartened to continue to build a strong relationship with Adani Green Energy as we recently received a 501.6 MW LOI from them; this coupled with the on-going execution of SECI orders puts the company on a sustainable growth path going forward.

After a delay of over one year, the power evacuation infrastructure being developed by the government agencies in Bhuj, Gujarat is now in the final stages of commissioning, which will enable us to ramp up execution and commissioning in the state.

We have also seen tariffs stabilising over the past few months which bodes well for the long term sustainable growth of the sector.”

With almost 9 GW of auctions conducted in past 12 months and various auctions lined up over the next few months, there is a strong visibility on order inflows for the Indian wind power sector. The wind tariffs have seen an upward trend in the last two SECI bidding rounds and with the 6th round of SECI (1200 MW) round the corner, we expect the sector to see a period of robust and sustainable growth going forward.


ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, corporate and retail Investors. Inox Wind 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) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future. The facility at M.P., which is amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 manufacturing, installation, commissioning and O&M of wind turbines.

IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL 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:

Jitendra Mohananey
Chief Financial Officer
Inox Wind Limited
Phone: 0120- 6149 600
Email- Investors.iwl@inoxwind.com

Inox Wind receives Letter of Intent for developing 501.6 MW from Adani Green Energy
  • Inox Wind to supply, erect and commission 152 units of its latest 3.3 MW wind turbines
  • Builds on our already strong partnership with Adani Green Energy in the renewables sector

Noida, January 23, 2019: Inox Wind Limited, one of India’s leading wind energy solutions provider, has received a Letter of Intent (LOI) from Adani Green Energy, a part of the Adani group and India’s leading Independent Power Producer (IPP) to supply, erect and commission 501.6 MW of wind power projects, across projects won under SECI auctions. The project is scheduled to be executed over the next 15 months at Kutch District in the state of Gujarat. Inox Wind will supply, erect and commission its latest 3.3 MW Wind Turbine Generators (WTGs) with 145 metre rotor dia and 100/120 metre hub height. These turbines will be amongst the highest rated turbines with the largest rotor dia to be made available in the Indian market.

ABOUT ADANI GROUP:

The Adani Group is one of India’s leading business houses with revenue of over $12 billion. Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals – resources, logistics, energy and agro. The integrated model is well adapted to the infrastructure challenges of the emerging economies.

Adani Green Energy is India’s largest renewable energy IPP (independent power producer) with a consolidated renewable portfolio exceeding 2.2 GW. Adani Green Energy targets a renewable energy portfolio of about 10 GW by 2021.

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & corporate investors. Inox Wind 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). Inox Wind’s manufacturing capacity stands at 1,600 MW per annum.

IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, 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 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