Inox Wind Wins ₹1,600 crore Turnkey Contract from NLC India

Inox Wind Ltd., a leading Indian wind‑turbine manufacturer, has signed a turnkey agreement worth about ₹1,600 crore (roughly $190 million) with NLC India Ltd. The deal covers the design, supply, erection, testing and commissioning of wind‑energy projects that will be added to NLC's growing renewable‑energy portfolio.

Key points of the contract

• Scope: Design, supply, erection, testing and commissioning of multiple wind‑farm sites.
• Value: Approximately ₹1,600 crore.
• Timeline: Project completion expected within the next 24‑30 months.
• Location: Sites are spread across states where NLC has existing wind assets.

The agreement is part of NLC India's plan to increase its renewable‑energy capacity to meet the government's target of 175 GW of wind power by 2027. By adding the new capacity, NLC hopes to reduce its reliance on coal‑based generation and cut carbon emissions.

Inox Wind will provide its 2.1‑MW and 3.0‑MW turbine models, which are built in the company's factories in Gujarat and Tamil Nadu. The firm says the turbines have a proven track record of high availability and low operation‑and‑maintenance costs, factors that NLC considered when selecting a supplier.

Both companies said the contract reflects confidence in India's wind‑energy market, which has grown steadily despite global supply‑chain pressures. Industry analysts note that the deal could help Inox Wind improve its order book, which has been under pressure from delayed payments and competition from foreign OEMs.

"This order validates our technology and our ability to deliver large‑scale projects on time," said Prashant Kumar, Managing Director of Inox Wind, in a statement. "We look forward to working closely with NLC to help them meet their renewable‑energy goals and to support India's clean‑energy transition."

NLC India's CEO, B. Anil Kumar, said the partnership will enable the utility to accelerate its wind‑farm roll‑out. "Our focus is on building a diversified, low‑carbon generation mix," he said. "Inox Wind's experience and domestic manufacturing base make them a natural fit for this project."

The agreement also includes a service‑and‑maintenance package that will run for five years after commissioning. This should help NLC keep the turbines running at optimal performance and reduce downtime.

Industry watchers see the deal as a sign that Indian manufacturers can still win large contracts despite the presence of global players like Vestas and Siemens Gamesa. The government's push for domestic content in renewable projects, coupled with incentives for locally built turbines, has helped firms like Inox secure orders.

Financial analysts note that the ₹1,600‑crore contract could boost Inox Wind's revenue for the fiscal year ending March 2025. The company's shares rose modestly after the announcement, reflecting investor optimism about the pipeline.

Overall, the contract marks a step forward for both firms as they work to expand India's wind‑energy capacity and meet the country's climate targets.