Green energy stock in focus after board approves rights issue of 10.41 Cr equity shares

A wind energy stock gained attention after board approval for a ₹1,249 crore rights issue of 10.41 crore shares. The company recently secured a 51 MW order, strengthening its 3.2 GW order book and reinforcing revenue visibility over the next few years.

The shares of the wind energy solution provider gained up to 1 percent in today’s trading session after the company board approved the issuance of 10.41 crore equity shares worth Rs 1,249.33 crore on a rights basis.

With a market capitalization of Rs 26,473.27 crore, the shares of Inox Wind Ltd were trading at Rs 163.00 per share, decreasing around 1.57 percent as compared to the previous closing price of Rs 165.60 apiece.

According to the company filing, Inox Wind Ltd has announced a Rights Issue of 10,41,10,712 fully paid-up equity shares with a face value of ₹10 each, aggregating up to ₹1,249.33 crore. The shares will be offered at ₹120 per share (including a premium of ₹110) to eligible shareholders. The entitlement ratio is set at 5 rights equity shares for every 78 fully paid-up equity shares held as of the record date, which is Tuesday, July 29, 2025. This move aims to raise capital while offering existing shareholders an opportunity to increase their stake at a discounted price.

Recently, Inox Wind has secured a 51 MW order from First Energy Private Limited, a Thermax Group company, marking its first-ever deal with them. The project, located in Tamil Nadu, includes limited-scope EPC services and a multi-year post-commissioning operations and maintenance (O&M) contract, strengthening Inox Wind’s project portfolio.

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Inox Wind will supply 3 MW wind turbines with a 140-meter hub height for a Tamil Nadu project. The contract includes limited-scope EPC services, supervision, and multi-year O&M services, to be executed via Inox Wind subsidiaries.

Inox Wind Limited is engaged in the business of manufacturing and sale of wind turbine generators (WTGs). It also provides erection, procurement, and commissioning (EPC), operations and maintenance (O&M), and common infrastructure facilities services for WTGS and wind farm development services.  

Inox Wind Ltd (IWL) is a fully integrated wind energy player with 2.5 GW manufacturing capacity. It boasts a robust 3.2 GW order book and is among the few OEMs offering turnkey and O&M solutions. With solar diversification, strong promoter backing, and a 5.1 GW O&M portfolio, it’s positioned for strong growth.

Inox Wind’s order book stands strong, offering robust revenue visibility for the next 2–3 years. The portfolio includes 1,848 MW in end-to-end turnkey projects and 1,355 MW in equipment supply. Its diversified clientele includes NTPC, CESC, NLC India, Hero Future Energies, and more, reflecting broad industry trust and growth potential.

Written by Abhishek Singh

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