Inox Wind Stock Surges 8%: The Secret Behind Their 153 MW Tamil Nadu Mega-Deal Revealed!

Inox Wind Limited’s shares surged 8% to ₹165.35, driven by a landmark 153 MW wind turbine order from a global renewable energy developer in Tamil Nadu, boosting its market valuation to ₹21,545.20 crore. The deal includes the supply of advanced 3 MW turbines, partial EPC services, and multi-year O&M support, underscoring the company’s pivotal role in India’s expanding green energy sector.

With a robust order book of 3.3 GW and FY25 inflows of 1.4 GW, Inox reported stellar Q3 results—revenue doubled to ₹993.6 crore, and net profit soared to ₹116.65 crore, reflecting 82% YoY execution growth.

Meanwhile, Indian markets paused after a recent rally, with the Sensex and Nifty remaining flat, though smallcaps rose 0.67%. Defense stocks surged up to 11% following the EU’s €800 billion rearmament plan. Sectorally, IT and FMCG dipped, while Reliance Industries climbed 4% on brokerage upgrades, and Jana Bank jumped 12% after securing an RBI license approval.

Experts highlighted India’s strong corporate profitability and a 6.5% GDP growth outlook, while gold ETFs gained favor over sovereign bonds. Despite overall market consolidation, sector-specific optimism in renewables, retail, and infrastructure remained strong, with Inox Wind exemplifying India’s green energy momentum, supported by favorable policies and execution strength.

Inox Wind Stock Surges 8%: The Secret Behind Their 153 MW Tamil Nadu Mega-Deal Revealed!

Shares of Inox Wind Limited, a key player in wind turbine manufacturing, rose sharply by 8% following news of a significant 153 MW order from a global renewable energy developer for a project in Tamil Nadu.

Stock Movement

On Friday, the company’s shares hit an intraday high of ₹165.35, up from the previous close of ₹153.10, boosting its market valuation to ₹21,545.20 crore.

Project Scope

The order involves supplying advanced 3 MW wind turbines and providing partial engineering, procurement, and construction (EPC) services. Post-installation, Inox Wind will also handle multi-year operations and maintenance (O&M) for the project.

Leadership Insights

Kailash Tarachandani, Group CEO of Inox Wind, highlighted the importance of the deal, emphasizing the company’s growing role in India’s expanding commercial and industrial renewable energy sector. He noted that Inox’s expertise in execution, combined with reliable technology and service, makes it a preferred partner for large-scale projects.

Company Overview

Inox Wind operates as a fully integrated wind energy solutions provider, catering to utilities, corporations, and government entities. With manufacturing units in Gujarat, Himachal Pradesh, and Madhya Pradesh, the company produces critical turbine components such as blades, towers, and nacelles.

Financial and Operational Highlights

• Order Book: 3.3 GW (ensuring visibility for the next 2–3 years).
• FY25 Order Inflows: 1.4 GW, with a strong project pipeline.
• Q3 FY25 Execution: 189 MW delivered, marking 82% YoY growth.
• Revenue Growth: Q3 FY25 revenue doubled to ₹993.6 crore, with net profit soaring to ₹116.65 crore from ₹1.07 crore YoY.

Broader Market Trends

Indian equity markets paused after a two-day rally, with benchmark indices Sensex and Nifty ending flat. However, the Nifty Smallcap100 index continued its upward trajectory, gaining 0.67%. Sector-wise, IT and FMCG indices dipped, while defense and infrastructure stocks saw notable activity.

Key Market Updates

• Gold Volatility: Prices fluctuated between $2,891 and $2,927/ounce ahead of U.S. jobs data, with MCX Gold futures rising 0.28% to ₹86,070.
• Retail Expansion: Avenue Supermarts shares rose 2.6% after opening four new stores, expanding its network to 396 outlets.
• Reliance Industries Rally: The stock surged nearly 4% on brokerage upgrades, with Macquarie setting a ₹1,600 target.
• Banking License Boost: Jana Small Finance Bank jumped 12% after securing RBI approval for foreign exchange operations.
• Infrastructure Partnerships: K&R Rail gained 4% on a ₹5,000-crore MoU with Indian Port Rail for transport projects.

Expert Perspectives

• Neelkanth Mishra (Axis Bank): Highlighted India’s robust corporate profit-to-GDP ratio as a key driver for market growth.
• World Gold Council: Noted a rising preference for gold ETFs over sovereign bonds due to regulatory security.
• Sebi Chair: Emphasized India’s steady 6.5% GDP growth outlook and the role of domestic investors in market stability.

Sector Spotlight: Defense Surge

Defense stocks like Data Patterns and Paras Defence rallied up to 11% after the EU announced an €800 billion rearmament initiative.

Conclusion

While markets consolidated, sector-specific movements in renewable energy, retail, and infrastructure underscored investor optimism. Inox Wind’s milestone order and strong financials reflect broader momentum in India’s green energy transition, supported by policy tailwinds and corporate execution capabilities.