Wind Energy

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₹2.04 L CrP/E 84.1 vs 20.4ROCE 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.

“Wind power plants operationalised 2,563 MW”

Annual Report · p. 7
+1 more quote from the report

“19,294 MW operational portfolio (13,515 MW solar, 2,563 MW wind and 3,216 MW hybrid)”

Annual Report · p. 34
Suzlon EnergyHeavy Electrical EquipmentCore business₹50,102 CrP/E 16.0 vs 36.5ROCE 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.”

Suzlon Energy Ltd - 532667 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 23
Inox WindHeavy Electrical EquipmentCore business₹10,789 CrP/E 25.9 vs 36.5ROCE 8.0%

Inox Wind is an integrated wind energy solutions provider with WTG manufacturing, EPC, O&M and component manufacturing as its principal revenue-generating businesses.

“During FY 2025–26, the Company delivered another year of strong financial performance, supported by healthy order execution, improved operational efficiencies, increased manufacturing activity, and continued momentum across its Wind Turbine Generator (WTG), EPC, Operations & Maintenance (O&M), and component manufacturing businesses.”

Inox Wind Ltd - 539083 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 29
K.P. EnergyPower GenerationCore business₹1,407 CrP/E 7.7 vs 20.4ROCE 27.8%

Core wind-energy infrastructure company providing end-to-end BOP/EPCC services for utility-scale wind farms, with 1.57+ GW energized, 2.16+ GW in hand, and a 646+ MW O&M portfolio.

“KP Energy Limited is a prominent leader in the Indian wind energy sector, distinguished by its advanced and comprehensive Balance of Plant (BOP) solutions that drive the sustainable development of large utility-scale wind and wind-solar hybrid farms.”

K.P. Energy Ltd - 539686 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 26
Surana Telecom and PowPower GenerationCore business₹215 CrP/E 7.1 vs 20.4ROCE 10.6%

Wind power generation is explicitly listed alongside solar as a principal business of the company in the Nature of Industry disclosure.

“Nature of Industry The Company is mainly into the business of generation of renewable energy viz., Solar and Wind.”

Surana Telecom and Power Ltd - 517530 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 19
Indowind EnergyINDOWINDCore business₹137 CrP/E 121.3ROCE 0.4%

Indowind is an IPP whose principal business is developing, generating and selling power through windmills, with wind asset management and green power sales.

“Indowind Energy Limited (IWEL) is an Independent Power Producer in the renewable energy field, engaged in the development, generation and distribution of power through windmills, wind asset management, and sale of green power to utilities and corporates.”

Indowind Energy Ltd - 532894 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 21
+1 more quote from the report

“First / exclusive charge over the Borrower's operational 18 MW wind power project, together with all movable and immovable assets relating thereto.”

Indowind Energy Ltd - 532894 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 34
Veer Energy & InfrastructurePower GenerationCore business₹19 CrP/E 46.5 vs 20.4ROCE 0.4%

The company's primary business is infrastructure development for wind turbine generator installations and renewable energy projects, including future focus on strengthening its presence in wind energy infrastructure.

“The Company is primarily engaged in infrastructure development for the installation of Wind Turbine Generators and renewable energy projects.”

Veer Energy & Infrastructure Ltd - 503657 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 22
+1 more quote from the report

“He has shown the way from the front to make over Veer Energy & Infrastructure Limited as one of the apex wind farm infrastructure developer in India.”

Veer Energy & Infrastructure Ltd - 503657 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 34
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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