Inox Wind

INOX Wind Limited
Type	Public company (BSE: 539083) (NSE: INOXWIND)
Industry	Wind Turbine Manufacturing (Wind Energy Solutions Provider)
Founded	2009[1]
Headquarters	Inox Towers, Noida Uttar Pradesh, India
Key people	Mr. Devansh Jain – Director,[2] Net_income = ₹452 crore (US$63 million) (2016)[3]
Products	Turnkey Solutions for Wind Power
Website	http://www.inoxwind.com

INOX Wind Limited (BSE: 539083) is an Indian wind energy service provider. Headquartered in Noida, India, the company is a subsidiary of Gujarat Fluorochemicals Limited.[4][5] Inox Wind Limited manufactures wind turbine generators, or WTGs, and provides services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and long term operations and maintenance of wind power projects.[6] Inox Wind was ranked at 167th position in Business Today's list of 500 most valuable companies in India in 2015.[7]

The company is listed on the National Stock Exchange of India (NSE:INOXWIND) and on the Bombay Stock Exchange (BSE:539083).

Inox Group

Inox Wind Limited is part of the Inox Group of Companies. Inox Group has interests in various businesses including Industrial Gases, Refrigerants,Engineering Plastics, Chemicals, Carbon Credits, Cryogenic Engineering, Renewable Energy and Entertainment. The INOX Group employs close to 9,000 people and has a distribution network that is spread across more than 50 countries. The Inox Group of Companies, besides Inox Wind Limited, includes Inox Air Products Limited, Gujarat Fluorochemicals Limited, Inox India Limited, Inox Renewables Limited, and Inox Leisure Limited.[8]

Manufacturing Facilities

Inox Wind has three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh. The plant near Ahmedabad (Gujarat) manufactures Blades & Tubular Towers while Hubs & Nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The new integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades, towers and will manufacture nacelles and hubs. The facility in Madhya Pradesh, which will be amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.[9]

Technology Partner

Inox Wind has sourced technology from AMSC, Austria, a wholly owned subsidiary of USA based American Superconductor Corporation. Inox Wind has an exclusive and perpetual licence from AMSC to manufacture 2 MW wind turbines in India.[10] AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy.[11]

Products

Inox Wind's product is the 2 MW DFIG (Double Fed Induction Generator). The company currently manufactures three variants of the 2 MW WTG- the 93.3 meter rotor diameter, the 100 meter rotor diameter, and the 113 meter rotor diameter.[12][13]

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References

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[1] ttp://www.sebi.gov.in/cms/sebi_data/attachdocs/1426241443686.pdf

[2] ttp://forbesindia.com/article/india-rich-list-2015/devansh-jain-flying-with-the-wind/41391/1

[3] ttp://www.inoxwind.com/wp-content/uploads/2015/01/Inox-Wind-Limited-Annual-Report-2015.pdf

[4] ttp://forbesindia.com/article/boardroom/inox-the-wind-beneath-its-wings/40065/1

[5] ttp://www.businesstoday.in/cover-story/bt-500-india-most-valuable-companies-2015-inox-wind/story/224948.html

[6] "Archived copy" (PDF). Archived from the original (PDF) on 2016-01-27. Retrieved 2016-01-22.CS1 maint: archived copy as title (link)

[7] ttp://www.businesstoday.in/cover-story/bt-500-india-most-valuable-companies-2015-inox-wind/story/224948.html

[8] ttp://ir.amsc.com/releasedetail.cfm?ReleaseID=947342

[9] ttp://corporates.bseindia.com/xml-data/corpfiling/AttachHis/D1CB4357_3750_41CF_BEE2_3E721A43C4A6_115002.pdf

[10] ttp://www.business-standard.com/article/companies/inox-wind-strong-business-outlook-115031700760_1.html

[11] ttp://ir.amsc.com/releasedetail.cfm?ReleaseID=947342

[12] ttp://indiatoday.intoday.in/story/inox-wind-bags-50-mw-wind-power-project-from-tprel-in-mp/1/496429.html

[13] ttp://www.supersmartenergy.com/devansh-jain-director-inox-wind-ltd/