INOX Renewable Solutions
Inox Renewable Solutions Limited provides turnkey EPC services for wind turbine generators in India, covering wind resource assessment, site acquisition, infrastructure development, and commissioning. It serves wind project developers, utilities, and state distribution companies as a subsidiary of Inox Wind Limited within the INOXGFL Group.
- Company typePublic
- Founded2020
- HeadquartersVadodara, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What INOX Renewable Solutions does
Inox Renewable Solutions Limited (IRSL) is a publicly listed Indian company, incorporated in 2020 in Gujarat and converted to a public limited company in October 2024 under the name Resco Global Wind Services Limited before being renamed Inox Renewable Solutions Limited in December 2024. It is a subsidiary of Inox Wind Limited and operates as part of the INOXGFL Group, a multi-billion dollar Indian conglomerate with operations dating to 1923 across fluoropolymers, fluorochemicals, battery chemicals, wind turbines, solar modules, and renewable power generation.
IRSL's core business is engineering, procurement, and construction (EPC) services for wind turbine generators, delivered as an integrated end-to-end solution covering seven service components: wind resource assessment using meso scale mapping and wind mast monitoring; site acquisition and land sourcing; infrastructure development including substation construction for power evacuation; EPC of wind turbine generators; installation and commissioning; government approval support for PPAs/WBAs with state distribution companies; and post-commissioning support for RECs, GBIs, and CDM benefits. The company serves wind project developers, utilities, and state distribution companies in India through direct enterprise field sales for large-scale utility contracts.
IRSL emerged as a standalone entity in late 2025 following the NCLT-approved demerger of the power evacuation infrastructure business from Inox Green Energy Services Limited, separating capital-heavy infrastructure from asset-light O&M operations. The company's go-to-market is B2B enterprise contracting with project-based, one-time pricing negotiated per contract; it has secured a 99 MW wind EPC order from KP Energy in Gujarat and was selected as one of five bidders for a 500 MW/1,000 MWh standalone battery energy storage system project in Rajasthan. Its registered office is in Vadodara, Gujarat, with a corporate office in Noida, Uttar Pradesh, and it currently has a board of five directors overseeing the transition to standalone operations.
INOX Renewable Solutions firmographics
Firmographics- Name
- INOX Renewable Solutions
- Legal name
- Inox Renewable Solutions Limited
- Website
- https://rescowind.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Inox Renewable Solutions Limited provides turnkey EPC services for wind turbine generators in India, covering wind resource assessment, site acquisition, infrastructure development, and commissioning. It serves wind project developers, utilities, and state distribution companies as a subsidiary of Inox Wind Limited within the INOXGFL Group.
- Ownership category
- akta.pro rank
INOX Renewable Solutions industry classification
Industry- Product category
- Wind Energy EPC Services
- NAICS
- Wind Electric Power Generation (221115)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF)
- akta.pro secondary industries
- Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Wind Resource Assessment & Energy Yield Analytics (Met Masts, LiDAR, Modeling) (EUAMACAJ), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)
Keywords
Where INOX Renewable Solutions is headquartered
LocationHeadquarters
- HQ city
- Vadodara
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
INOX Renewable Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- EPC Services for Wind Turbine Generators: Engineering, Procurement and Construction services for wind turbine generators including manufacturing major WTG components, laying tower foundations, supply, erection and installation of turbines, pre-commissioning and commissioning of WTGs. Revenue is project-based and one-time in nature.
- Wind Farm Infrastructure Development: Infrastructure development services including land development, roads, pathways, pavements and platforms construction for wind farm sites to enable WTG installation. Also includes substation development for power evacuation.
- Site Development Services: Comprehensive site identification services including wind resource assessment, site acquisition, and government approval assistance including statutory approvals for wind farm installation and operation.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
INOX Renewable Solutions product offering
Product offeringCore offering
Inox Renewable Solutions Limited delivers end-to-end engineering, procurement and construction (EPC) services for wind turbine generators and the supporting power evacuation infrastructure required to connect wind farms to the electricity grid. Its offering covers wind resource assessment via meso scale mapping and wind mast monitoring, site identification and land acquisition, infrastructure development (including substations, roads and platforms), WTG manufacturing of major components, tower foundation laying, supply, erection, pre-commissioning and commissioning of turbines, government approval support, and post-commissioning services for renewable energy certificates, generation-based incentives and clean development mechanism benefits.
Product overview
Inox Renewable Solutions operates as a single unified EPC service offering for wind energy projects. The portfolio consists of seven integrated service components: Wind Resource Assessment (using meso scale mapping and wind mast monitoring), Site Acquisition, Infrastructure Development (including substation construction and land development), EPC of Wind Turbine Generators, Installation and Commissioning, Government Approval Support, and Post-Commissioning Support (RECs, GBIs, CDM benefits). These services are offered as a comprehensive end-to-end solution rather than as separate modular products.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Farm EPC Services Comprehensive engineering, procurement and construction service for wind turbine generators, offered as a single integrated engagement to wind project developers, utilities and state distribution companies in India. Covers the full wind farm lifecycle from site identification and resource assessment through infrastructure development, turbine installation and commissioning.
- Wind Resource Assessment and Site Identification Services Front-end development services combining meso scale wind mapping, wind mast installation for continuous monitoring, micro siting of wind turbine generators, land sourcing and acquisition, and assistance with statutory approvals including power purchase agreements with state distribution companies. Sold to wind project developers planning new wind farm installations.
- Wind Farm Infrastructure Development and Power Evacuation Construction of the physical infrastructure required to operate a wind farm, including substation construction for power evacuation to the electricity grid, land development, access roads, pathways and platforms. Sold to wind project developers requiring grid-connected wind farm infrastructure.
- Post-Commissioning Renewable Energy Benefit Services Ongoing support service after a wind farm has been commissioned, helping clients claim renewable energy certificates, generation-based incentives and clean development mechanism benefits. Offered to wind farm owners and operators.
Companies that use INOX Renewable Solutions
Customer profileSegments1 record
Ideal customer profiles2 records
INOX Renewable Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
INOX Renewable Solutions partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Rajasthan Electricity Regulatory Commission (RERC)minorInox Renewable Solutions was selected as one of five bidders in a competitive bidding process conducted by NTPC Vidyut Vyapar Nigam Limited for 500 MW/1,000 MWh standalone battery energy storage systems in Rajasthan. Approved tariffs range from Rs 216,000 to Rs 219,000 per MW per month.
- KP EnergycoreKP Energy secured a turnkey order from Inox Renewable Solutions Limited to develop a 99 MW wind power project in Gujarat. This partnership strengthens KP Energy's presence in India's renewable energy segment and demonstrates IRSL's role as a project developer engaging contractors for wind project execution.
- Inox Wind LimitedcoreInox Renewable Solutions is a subsidiary of Inox Wind Limited and part of the INOXGFL Group. The parent company has 2.5 GW annual manufacturing capacity and is a leading vertically integrated wind energy player in India. IRSL benefits from this relationship for technology, manufacturing, and group synergies.
Scale indicators3 records
Recent moves9 records
Expansion highlights5 records
INOX Renewable Solutions competitors and assessment
Company assessmentDirect peers
- Inox Wind Limited: Parent company of IRSL and India's leading vertically integrated wind energy player with 2.5 GW manufacturing capacity. Operates overlapping EPC and project development services, and is the principal source of IRSL's turbine supply and technology synergies.
- Sterling and Wilson Renewable Energy: One of India's largest pure-play renewable EPC contractors historically focused on solar, expanding into wind and BESS. Directly comparable as an EPC-only peer competing for utility-scale and C&I wind/solar tenders across India.
- Suzlon Energy: India's largest indigenous wind turbine OEM with end-to-end EPC, O&M, and project development capabilities. Directly comparable to IRSL's vertically integrated wind EPC offering, with shared customer base of state discoms and IPPs. Mukesh Manglik on IRSL's board previously worked at Suzlon Infrastructure Services.
Emerging players
- Greenko Group: One of India's largest renewable IPPs with significant wind, solar and pumped hydro storage portfolio. Comparable customer/competitor dynamic to IRSL for utility-scale wind EPC contracts and increasingly BESS.
- ReNew Power: Independent power producer with diversified wind, solar and BESS portfolio. Compares to IRSL as both a potential customer (outsourcing EPC) and competitor when developing projects in-house, particularly in Gujarat and Rajasthan.
- Hero Future Energies: Renewable IPP with growing wind and solar portfolio across India. Comparable customer/competitor dynamic to IRSL with active project pipeline that often requires third-party EPC support.
Broad incumbents
- Tata Power Renewable Energy: Subsidiary of Tata Power with significant wind and solar generation capacity. Competes with IRSL for wind farm development contracts and shares the same enterprise customer base of C&I and utility off-takers in India.
- Adani Green Energy: One of India's largest renewable IPPs with multi-GW wind and solar portfolio. Comparable as a customer and competitor in large-scale wind EPC tenders and operates internal EPC capabilities that compete with IRSL for utility-scale projects.
- Siemens Energy (Wind / Siemens Gamesa legacy): Global wind OEM with India presence through Siemens Gamesa legacy operations. Competes with IRSL both as an OEM and as an EPC contractor offering turnkey solutions to Indian utility and IPP customers.
Regional players
- KP Energy: Gujarat-focused wind EPC and infrastructure company that placed a 99 MW turnkey order with IRSL in February 2025. Closely comparable as a wind balance-of-plant specialist serving the same Gujarat customer base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
INOX Renewable Solutions social profiles
Digital presenceINOX Renewable Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
INOX Renewable Solutions leadership team
Management profileNumber of profiles
Profiles5 records
INOX Renewable Solutions funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
INOX Renewable Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about INOX Renewable Solutions
What does INOX Renewable Solutions do?
Inox Renewable Solutions Limited delivers end-to-end engineering, procurement and construction (EPC) services for wind turbine generators and the supporting power evacuation infrastructure required to connect wind farms to the electricity grid. Its offering covers wind resource assessment via meso scale mapping and wind mast monitoring, site identification and land acquisition, infrastructure development (including substations, roads and platforms), WTG manufacturing of major components, tower foundation laying, supply, erection, pre-commissioning and commissioning of turbines, government approval support, and post-commissioning services for renewable energy certificates, generation-based incentives and clean development mechanism benefits.
Is INOX Renewable Solutions a public or private company?
INOX Renewable Solutions is a public company. It is classified as public and is currently operating.
When was INOX Renewable Solutions founded?
INOX Renewable Solutions was founded in 2020. It employs 5,001 to 10,000 people.
Where is INOX Renewable Solutions based?
INOX Renewable Solutions is headquartered in Vadodara, India, in the Asia region.
How does INOX Renewable Solutions make money?
Three revenue lines are on record. EPC Services for Wind Turbine Generators are the primary driver. The others are wind Farm Infrastructure Development and site Development Services.
Who are INOX Renewable Solutions's main competitors?
Direct peers on record are Inox Wind Limited, Sterling and Wilson Renewable Energy and Suzlon Energy. Emerging players are Greenko Group, ReNew Power and Hero Future Energies. Broad incumbents are Tata Power Renewable Energy, Adani Green Energy and Siemens Energy (Wind / Siemens Gamesa legacy). KP Energy is listed as a regional player.
Does INOX Renewable Solutions have an API?
No public API is recorded for INOX Renewable Solutions.
What industry is INOX Renewable Solutions in?
INOX Renewable Solutions's product category is Wind Energy EPC Services. Its primary akta.pro industry code is EUAMACAF, Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations), with a secondary code of EUAEADAI, Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads). Its NAICS code is 221115 and its SIC code is 1623.