New Tata Power Renewable Energy deal worth $100 mn: Inox Wind

Wind power solutions provider Inox Wind, has bagged a repeat order for a 100 MW wind power project from Tata Power Renewable Energy (TPREL) at Rojmal, Gujarat.The company had orders worth 1,150 MW by the end of December and is likely to bag many incremental orders in future, says Devansh Jain, Director, Inox Wind. However, the company's growth will taper to a certain extent as the base expands going forward, Jain tells CNBC-TV18. This is Inox Wind's fourth project with TPREL, taking the cumulative orders placed with the former over 300 MW and would further amount to USD 100 million, he adds. Below is the transcript of Devansh Jain’s interview with Ekta Batra and Anuj Singhal on CNBC-TV18.Ekta: If you could just take us through what this means in terms of your order book and how much do you potentially expect in terms of incremental revenues from this order and when does it start?A: From the order book perspective, we typically share our order book at the end of every quarter. We ended December 31 at about Rs 1,150 megawatts of orders. So, all these orders are going to be the incremental orders. We think the very robust inflow of orders. So, we certainly see a big uptick in terms of our order book by end of March. But, this is a 100 megawatt order which we won from Tata Power at this point in time. This is the fourth consecutive order we have received from Tata Power which cumulatively takes our order wins from Tata Power to about 320 megawatts at this point in time. So, that is where we stand at this point in time.Anuj: So, this 100 megawatt order would mean somewhere around USD 100 million in terms of revenues?A: That would be right. Approximately around that figure. Anuj: So, with the kind of order book that you have, what kind of visibility do you have on revenues since a lot of this depends on execution for the next one or two years?A: I think from an execution perspective, this year we have given our guidance in terms of March, 2016, we would be at about 800-900 megawatts of execution. Clearly, we have been growing at about 17 percent, but obviously as the base increases, growth will taper off to a certain extent. But we are still seeing a very robust growth, so from a next year perspective, given the 1,150 megawatts that we have, we would have a visibility of about 15 odd months. But as I said, we have seen a very robust inflow of orders and this is just one of the few orders which you have heard from us in this quarter. We will be announcing many orders over the coming few weeks.Ekta: Quantify the many.A: I wish I could, but we will be talking to your channel hopefully in the days to come with respect to another deal which we kind of see fructifying over the next couple of weeks.