Companies manufacturing wind turbines or owning wind generation, per their own reports.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Adani Green EnergyPower GenerationCore business₹2.17 L CrP/E 338.5 vs 22.3ROCE 1.3%
Wind power is a core business segment with 2,563 MW operational capacity and 683 MW added in FY 2025-26, including 5.2 MW onshore wind turbines at Khavda.
Suzlon EnergyHeavy Electrical EquipmentCore business₹64,109 CrP/E 20.7 vs 33.9ROCE 22.7%
Suzlon is a wind turbine OEM with 4,500 MW annual manufacturing capacity, 2,456 MW highest-ever annual deliveries, ~5.9 GW order book, and 22,000+ MW under service — wind is the principal business.
“we ramped up our annual manufacturing capacity to 4,500 MW, which clearly indicates the growing demand for our renewables. Our flagship S144 emerged as the preferred wind turbine for our clients, garnering nearly 9,000 MW of cumulative orders to date.”
Inox WindHeavy Electrical EquipmentCore business₹12,720 CrP/E 27.5 vs 33.9ROCE 8.0%
Inox Wind's principal business is manufacturing wind turbines and providing wind energy EPC and long-term O&M services in India, generating consolidated revenue of Rs. 3,563.18 crores in FY25.
“The revenue includes income generated through our core business operations comprising wind turbine manufacturing, EPC (Engineering, Procurement and Construction) services, and long-term O&M (Operations and Maintenance) contracts.”
How this list is built
Definition used: Manufactures wind turbines or components, or develops/owns/operates wind generation capacity AS A BUSINESS (selling power or capacity). Captive wind capacity for the company's own consumption does NOT qualify.Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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