Shares of Inox Wind Limited climbed 3.49% to Rs 168.54 in early trade on April 21, following a key operational update from the company. The stock opened higher at Rs 166.99 and reached an intraday high of Rs 170.10, compared to the previous close of Rs 162.85. At the current price, Inox Wind commands a market cap of approximately Rs 21,927 crore.
The rally comes after the company announced the commencement of execution work on its massive 990 MW turnkey wind power project for Purvah Green Private Limited, a subsidiary of CESC Ltd. This project forms part of a broader 1,500 MW framework agreement and is the largest-ever wind order from an Independent Power Producer (IPP) in India.
The company has received all advances required for the project, and execution is underway at multiple sites in Gujarat, Rajasthan, and Madhya Pradesh. Phased commissioning is scheduled to begin in FY26.
“This is a milestone order for Inox Wind from an esteemed customer and we are confident of deepening our relationship further,” said Kailash Tarachandani, Group CEO of Inox Wind.
The update highlights Inox Wind’s strong order book and reinforces its position as a key player in India’s renewable energy landscape.
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