19-05-2025
Inox Green Shares Surge 6% After Securing 285 MWp Solar O&M Agreements
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Inox Green Energy Services Limited is a renewable power operations and maintenance ('O&M') service providers in India.
Inox Green Share Price: Inox Green Energy Services Ltd's shares gained 6 per cent intraday on Monday after the company entered into agreements to provide O&M services for 285 MWp of solar projects of two of India's leading renewable energy companies.
The scrip touched the day's high at Rs 157.40 apiece with a gain of 6 per cent before falling to Rs 154 apiece. The scrip opened at Rs 149.40 apiece against the previous day close at Rs 148.21 apiece.
Inox Green Energy Services Ltd., India's renewables operations and maintenance ('O&M") service provider, said the projects are located across multiple sites which are owned by the said companies.
With this agreement, Inox Green's solar O&M portfolio has grown to 1 GW within a month of entering this segment.
On this occasion, Mr. SK Mathu Sudhana, CEO of Inox Green, remarked, 'We continue to rapidly add solar assets to our portfolio under O&M and we are delighted to announce that we have secured additional 285 MWp across multiple sites. As developers across India continue to add multi-gigawatt solar capacities every month, we believe that through our expertise, credentials and tailor-made solutions for solar project O&M, we are well placed grow rapidly in this segment."
Inox Green Energy Services Limited is a renewable power operations and maintenance ('O&M") service providers in India with > 4 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects.
Inox Green is India's only listed pure-play renewable O&M services company. It has a strong and diverse portfolio base and an established track record of over a decade.
First Published:
May 19, 2025, 13:05 IST
