Inox Wind Ltd shares jump 3.67% as it secures repeat turnkey order from Indian Oil Corporation Limited
Why did Inox Wind Ltd shares jump today?
Inox Wind Ltd shares saw a notable jump of 3.67% today, trading at ₹71.98 by 09:29 AM on Thursday. The surge in share price is directly linked to a major business announcement made by the company.
The company secured a significant 100 MW repeat turnkey order from Indian Oil Corporation Limited (IOCL), a major public sector undertaking. The order, valued at approximately ₹755 crore, involves the complete execution of a wind energy project on a turnkey basis. Furthermore, the contract includes post-commissioning operations and maintenance (O&M) services for a period of 10 years, ensuring a long-term revenue stream for Inox Wind.
Investors reacted positively to this news as it represents a substantial new contract for the company, boosting its order book and future revenue outlook. The order from a large, reputable client like Indian Oil also underscores the continued trust in Inox Wind's capabilities and strengthens its position in India's growing renewable energy sector. The long-term O&M component adds a layer of predictable, stable income, which is particularly attractive to market participants.
What does Inox Wind Ltd do?
Inox Wind Limited is India’s leading wind energy solutions provider. The company is involved in securing and executing large-scale wind energy projects for its clients.
Its business encompasses providing turnkey project execution, which includes the complete development and construction of wind power facilities. Additionally, the company offers post-commissioning Operation and Maintenance (O&M) services for the projects it delivers, as evidenced by its long-term service agreements following project completion.
Inox Wind Ltd Financials
In CroresBased on the provided quarterly data, Inox Wind Ltd reported a decline in its financial performance from the first quarter (March 2026) to the second quarter (June 2026). The company's revenue decreased from ₹1,244.24 Crores to ₹814.1 Crores, and its profit correspondingly fell from ₹91.25 Crores to ₹44.0 Crores, indicating a quarter-over-quarter contraction in both top-line and bottom-line metrics.
Inox Wind Ltd Shareholding Pattern
Promoter holding stands at 44.18% of the total share capital. Foreign Institutional Investors (FIIs) hold 14.53% stake in the company, while Domestic Institutional Investors (DIIs) hold 10.02%. Public shareholders hold the remaining 31.28% stake in Inox Wind Ltd.
Inox Wind Ltd FAQs
Q: Why did Inox shares jump 3.67% today?
Press Release- " Inox Wind secures repeat turnkey order from Indian Oil Corporation Limited". This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Inox Wind Ltd?
As per the latest data, promoters hold 44.18% stake in Inox Wind Ltd, while FII holding stands at 14.53%. Domestic institutional investors hold 10.02%, and public shareholders account for 31.28% of the equity.
Q: What is the current stock price of Inox Wind Ltd?
Inox Wind Ltd shares are currently trading at ₹71.98, recording a gain of 3.67% from the previous close.
Q: What is the market capitalization of Inox Wind Ltd?
The company currently has a market capitalization of ₹12439.86 crore, reflecting its valuation in the Indian equity market.