Commenting on the occasion Mr. Kailash Tarachandani, CEO of Inox Wind, said ‘We are excited to bag this prestigious 200 MW project from NTPC; the largest order awarded by a PSU in the recent past. This is the second Project awarded by NTPC to INOX Wind in the recent past, post a 150 MW order received last year. This reflects their immense faith in our capabilities and credentials. A few years ago, INOX Wind successfully executed a 50 MW turnkey wind project for NTPC in Gujarat. We hope to foster a long-term relationship with NTPC and become their trusted supplier and an enabler in achieving their ambitious renewable energy target.’
As part of the order, Inox Wind will supply and install DF 113/92 – 2.0 MW Wind Turbine Generators with 113 meters rotor diameter and 92 meters hub height. The common infrastructure facilities such as the 220 kV Pooling Substation at Dayapar and Extra High Voltage Transmission line have already been commissioned. Thus, the Project will be executed on a plug-and-play basis with a shorter gestation period. Further, as part of the order, Inox Wind will provide comprehensive operation and maintenance (O & M) for the Project. This will add to its multi-gigawatt O & M fleet and help grow the overall profitability. ‘With the current portfolio and this latest award, the O&M business is looking very robust, and all geared to embark on a strong growth trajectory said Mr. Tarachandani.
India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030. Given multiple opportunities in the industry along with various government initiatives such as ‘Atma Nirbhar Bharat Abhiyan’ and the inauguration of the world’s largest Hybrid Renewable Energy Park of 30GW at Khavda Village in the district of Kutch in Gujarat, Inox Wind is well positioned to thrive in the future and aims to play a pivotal role in achieving India’s ambitious renewable energy target. Inox Wind provides integrated solutions for the entire wind power value chain. The Company, which enjoys one of the largest order books in the industry, has further strengthened its order book with this latest repeat order.
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). It also has a facility for manufacturing Hubs & Nacelles at Bhuj, Gujarat. 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 for manufacturing, installation, commissioning and O&M of wind turbines. Inox Wind offers complete end-to-end solutions from concept to commissioning. Besides manufacturing and supplying 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
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