Once the third unit in Madhya Pradesh starts operations, Inox's annual capacity will be 1,600 MW. We have a perpetual license from AMSC, a leading wind energy technology company based in Austria, to manufacture 2 MW WTGs in India based on AMSC’s proprietary technology. IWL has the largest project site inventory spread across wind rich states and currently has sufficient land bank for the installation of an aggregate capacity of more than 5,000 MW. We also have a non-exclusive license from WINDnovation for custom-made rotor blade sets. MUMBAI: Wind energy solutions provider Inox Wind today said it has commissioned a 170-MW project for Continuum Wind Energy in Madhya Pradesh. The project, located in Gujarat, would be completed by March 2017.
Based on detailed wind resource assessment, a significant land bank has also been acquired by the company. Our senior management has extensive experience in the quality, engineering, supply chain management, manufacturing, marketing, project development and maintenance of WTGs. The Commissioning of our Barwani facilities will happen from April 2015 to March 2016. It has entered into a license agreement with a foreign firm WINDnovation to allow it to manufacture 100 meter rotor diameter rotor blade sets. Last Updated at January 14, 2015 17:21 IST The Inox Group employs more than 8,000 people at more than 100 business units across India, with a distribution network spread across more than 50 countries around the world. “I think Inox Wind has reached a stage where it is very strong and the management team is rock solid. INOX Wind Ltd (IWL), a subsidiary of Gujarat Fluorochemicals, will set up a single location integrated wind turbine manufacturing facility in Madhya Pradesh's Barwani district. Our license to use AMSC technology reduces our research and development expenses and we operate with a strong focus on controlling operating and financing costs. Inox Wind Limited works on 2 business models: Turnkey Solution In this model, Inox takes care of all the aspects related to development of wind power project from concept to commissioning including operation and maintenance .
Inox Wind has signed an EPC (engineering, procurement, and construction) agreement with Continuum Power Trading Private Limited, a part of the Continuum Wind Energy group.. Based on the term sheet signed between the two companies, Inox will supply, erect and commission 250 MW of wind power projects in Gujarat.
This complex will also be manufacturing Inox's Gen-Next 113 rotor diameter turbine. INOX Wind has 400 MW of projects under it in Madhya Pradesh, making it the largest developer in the state. These initiatives will benefit Inox in the years to come.Based on our experience of working with customers in India, we believe many customers prefer not to engage in Wind Site acquisition and other processes associated with the development of wind farm projects. Its revenues have grown at a staggering CAGR of 60.35 per cent over the past two years from Rs 1,005 crore in 2012/13 to Rs 2, 558 crore in 2014/15, while net profits have nearly doubled from Rs 148 crore in 2012/13 to Rs 332 crore in 2014/15. The company will be manufacturing Nacelles (800 MW capacity), … NEW DELHI: Inox Wind Ltd today has bagged two orders for a cumulative capacity of 100 MW from country's one of the leading renewable energy independent power producers. The project is scheduled to be executed over the next six to nine months. Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants at Una (Himachal Pradesh) for hubs & nacelles, near Ahmedabad (Gujarat) for blades and tubular towers and an integrated manufacturing unit at Barwani district in Madhya Pradesh. The company's two units, one at Una, Himachal Pradesh, and the other at Ahmadabad, which has tied up with Austrian wind major AMSC to manufacture 2MW wind turbine generators, has the capacity to produce 800 MW. We manufacture the key components of our WTGs in-house.
Work is underway at a rapid pace on 147 wind energy projects of 6300 MW capacity in the state.
The company will be manufacturing Nacelles (800 MW capacity), hubs, blades (800 MW capacity) and towers (800 MW capacity), a company statement said here today. Our WTGs are designed and developed with a view to achieving efficient power curves, improved up-times and reducing operations and maintenance costs.Inox Wind has one of the largest order books in the industry with multiple repeat orders. And in five years, he steered the company onto the path of profitability—a rarity among local wind energy firms. A 2015 Motilal Oswal report on the company notes that its “strong relationship with independent power producers (IPPs) and global technology leaders, coupled with a ready pipeline of project sites and strategically located manufacturing units, have enabled it to benefit from the wind market revival”.Devansh is excited about the future given the present government’s focus on renewable energy. The Inox Group, which includes two publicly-listed companies, namely Gujarat Fluorochemicals Limited, or GFL, and Inox Leisure Limited, is a market leader in various industries in India. “It’s about passion, focus and hard work,” he says.So far, analysts have been positive about Inox Wind. GFL is also the largest producer by volume of refrigerants and polytetrafluoroethylene (PTFE), a synthetic fluoropolymer, in India. Ever since the NDA came to power at the Centre, it has emphasised on reducing the dependency on conventional sources of energy and, instead, has worked towards increasing output of renewable power. The company will be manufacturing a 2 MW turbine and various variants including the 93 rotor diameter and the 100 rotor diameter. We have split up our existing manufacturing activities with a view to ensure cost-efficiency. “Inox Wind is set to become the most profitable company in the ($4 billion) Inox Group this fiscal,” he tells Forbes India.Devansh believes he cannot afford to fail because of the robust reputation that the Inox Group enjoys.
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