Inox Wind Gains 87 MW Order from Continuum

12 Nov 2024 , 03:33 PM

Inox Wind Ltd. reported a repeat order of 87 MW from Continuum Green Energy, a prominent C&I renewable energy player. The order involves Inox Wind’s 3 MW Wind Turbine Generators (WTGs) and will be implemented as a turnkey project.

The project is set for execution across Gujarat and Rajasthan, with multi-year operations and maintenance (O&M) support provided post-commissioning. With this order, the cumulative orders from Continuum now reach 700 MW, while Inox Wind’s total order book has grown to a record 3.4 GW.

According to Kailash Tarachandani, Group CEO of Inox Wind Ltd., the company sees rising demand as developers increasingly adopt hybrid and round-the-clock wind power solutions. Recently, Inox Wind raised its margin guidance from 15% to 17% due to strong performance in the first half of the fiscal year.

Devansh Jain, Executive Director of InoxGFL Group, noted that while Q1 and Q2 were robust, Q3 and Q4 may normalize results, though there is potential for further margin improvements.