Inox Wind Ltd (IWL) has secured a repeat 100 MW turnkey order from Indian Oil Corporation Ltd (Indian Oil), with the contract valued at approximately ₹755 crore.
The order strengthens Inox Wind’s position in the public sector renewable energy market and underlines the growing role of wind power in the decarbonisation strategies of large state-owned enterprises.
Under the contract, Inox Wind will undertake the end-to-end execution of the project, including supply of wind turbine generators, engineering, procurement and construction (EPC), project execution and post-commissioning operations and maintenance (O&M).
The contract also includes 10 years of post-commissioning O&M services, giving Inox Wind an extended engagement with Indian Oil beyond project execution.
Repeat order signals customer confidence
The repeat nature of the order is significant for Inox Wind as it indicates continued confidence from a large institutional customer in the company’s technology, execution capabilities and ability to provide lifecycle services.
Indian Oil, the country’s largest oil marketing company and a Maharatna public sector enterprise, has been expanding its renewable energy footprint as part of its broader transition towards cleaner energy sources.
For Inox Wind, the order also adds to its diversified customer base, which includes commercial and industrial (C&I) customers, public sector undertakings (PSUs) and independent power producers (IPPs).
INOXGFL Group, Group CEO, Renewables business, Kailash Tarachandani, said, “We are pleased to have secured this 100 MW turnkey order from Indian Oil Corporation Limited, a Maharatna company and India’s largest oil marketing company. This repeat order is a testament to the confidence that leading institutional customers place in our integrated capabilities and execution track record.”
Integrated model strengthens positioning
The Indian Oil order is strategically relevant because it covers the entire wind project lifecycle rather than being limited to turbine supply.
Inox Wind will combine turbine manufacturing, EPC execution, project delivery and long-term O&M under a single contract. Such an integrated model can give customers greater control over project execution while providing the wind energy company with multiple revenue opportunities across the project lifecycle.
The 10-year O&M component is particularly important as it provides a longer-duration relationship with the customer after commissioning and creates an annuity-like service opportunity alongside the upfront project revenue.
Tarachandani said India’s renewable energy transition is creating significant opportunities for wind power, with large enterprises and public sector organisations increasingly seeking partners capable of delivering projects with efficiency and accountability.
“We are committed to leveraging our technology, manufacturing and execution capabilities to deliver high quality projects while contributing meaningfully to India’s clean energy ambitions,” he added.
Wind power gets a larger role in corporate transition
The order comes against the backdrop of increasing renewable energy adoption by large enterprises and PSUs seeking to reduce dependence on conventional energy sources.
For oil and gas companies in particular, renewable energy investments are becoming an important component of their longer-term energy transition strategies.
Indian Oil’s repeat engagement with Inox Wind therefore points to a broader opportunity for wind energy companies as large industrial customers increasingly seek reliable, scalable and integrated renewable energy solutions.
For Inox Wind, the immediate ₹755 crore order adds scale to its order pipeline. More importantly, the combination of a repeat PSU customer, turnkey execution and a decade-long O&M contract strengthens the company’s positioning as a full-service wind energy solutions provider rather than merely a turbine supplier.