Inox Wind gains on ₹755 crore 100 MW Indian Oil order
In short
Inox Wind shares rose after it won a 100 MW turnkey order from Indian Oil worth ₹755 crore. A company executive said it was a repeat order.
The move matters because it adds to Inox Wind’s order pipeline even as revenue fell for a second straight quarter in June. The report does not say when the project will be completed.
What the reporting says
Inox Wind shares rose after the company won a 100 MW turnkey order worth ₹755 crore from Indian Oil. The available reporting says group CEO Kailash Tarachandani called it a repeat order for the renewable business. The snippet also says the company’s revenue fell for a second straight quarter in June, while management reiterated full-year revenue and margin guidance. What is not stated is delivery timing or project specifics.
Why it matters
Inox Wind gained after Indian Oil placed a 100 MW turnkey order worth ₹755 crore, according to the published summary. The order was described as a repeat order by group CEO Kailash Tarachandani of the INOXGFL Group renewables business. The same snippet notes weaker recent revenue but says the company kept its full-year revenue and margin guidance. Project timing and execution details were not stated.