Inox Wind Limited (IWL) has announced a 60 MW equipment supply order from Serentica Renewables, targeting the commercial and industrial (C&I) renewable energy sector. The contract, revealed on December 18, 2024, involves supplying 3 MW class wind turbines to be delivered in the first half of 2025.
The shares of Inox Wind Limited (IWL) were trading at ₹190.50 down by ₹2.19 or 1.14 per cent on the NSE today at 11.12 am.
The project will be located in Karnataka, with turbines to be installed at Serentica’s hybrid renewable energy site. Power generated will be supplied to Serentica’s partners, including the Vedanta Group. The order also includes multi-year post-commissioning operations and maintenance (O&M) services.
Kailash Tarachandani, Group CEO of Inox Wind, highlighted the strategic importance of the partnership, noting the growing trend of C&I players transitioning to green energy. Akshay Hiranandani, CEO of Serentica Renewables, emphasized the collaboration’s role in accelerating India’s sustainable energy transition.
Serentica, a decarbonization platform, aims to provide round-the-clock clean energy solutions and has set a medium-term goal of supplying over 50 billion units of clean energy annually, targeting a reduction of 47 million tons of CO2 emissions.
