Inox Green Energy Services Expands Solar O&M Portfolio by 1 GW in a Month

Strategic Insights -

Inox Green Energy Services, a company engaged in providing long-term operation and maintenance (O&M) services for wind farm projects, has made a significant entry into the solar O&M segment. Just a month after entering this new segment, the company's solar O&M portfolio has grown to around 1 GW. This achievement is a result of agreements entered into with two of India's leading renewable energy companies to provide O&M services for 285 MWp of solar projects located across multiple sites. The company's solar O&M services will cover the provision of O&M services for solar turbine generators and common infrastructure facilities on the solar farm that support the evacuation of power from such SGs.

Key Takeaways:

  • Inox Green Energy Services has expanded its solar O&M portfolio to around 1 GW within a month of entering the segment.
  • The company has entered into agreements to provide O&M services for 285 MWp of solar projects of two leading renewable energy companies.
  • The projects are located across multiple sites owned by the said companies.
  • Inox Green Energy Services is engaged in the business of providing long-term operation and maintenance (O&M) services for wind farm projects.
  • The company will provide O&M services for wind turbine generators and common infrastructure facilities on the wind farm that support the evacuation of power from such WTGs.

Statistics:

  • Inox Green Energy Services' solar O&M portfolio has grown to around 1 GW within a month.
  • The company has entered into agreements to provide O&M services for 285 MWp of solar projects.
  • The company's solar O&M portfolio has grown by 100% in a month.
  • Inox Green Energy Services is currently trading at Rs. 154.05, up by 5.75 points or 3.88% from its previous closing of Rs. 148.30 on the BSE.
  • So far 13433 shares were traded on the counter.
  • The BSE group 'A' stock of face value Rs. 10 has touched a 52-week high of Rs. 224.65 on 13-Sep-2024 and a 52-week low of Rs. 95.65 on 07-Apr-2025.

Sources:

  • Accord Fintech Pvt. Ltd.