Latest news with #SKMathuSudhana
Time of India
4 days ago
- Business
- Time of India
Inox Green signs O&M deal for 182 MW wind projects
New Delhi: Inox Green Energy on Tuesday said it has signed an agreement with a large diversified Indian conglomerate for the comprehensive operations and maintenance (O&M) of 182 megawatt (MW) of operational wind projects under its renewable energy arm. According to the official press release, the projects are spread across multiple sites in western India and are connected to common infrastructure owned by Inox Green. 'This is a milestone occasion for us as with the signing of the agreement, our entire fleet with this marquee customer is now back in our fold. This showcases the changing dynamics in the wind O&M industry,' said S K Mathu Sudhana, CEO, Inox Green. The agreement covers conversion of limited-scope O&M to comprehensive O&M for 82 MW of wind projects, along with the renewal of comprehensive O&M for another 100 MW, ahead of its scheduled renewal date. The contract will span the remaining operational life of the projects.
Mint
4 days ago
- Business
- Mint
INOX Green share price jumps after inking 182 MW wind project. Check details
Inox Green Energy share price rose by almost 5% during Tuesday's trading session following the company's signing of a deal with one of India's major conglomerates for the complete operations and maintenance (O&M) of 182 MW of existing wind projects within its renewable energy division. The projects, situated across various locations in Western India, are linked to Inox Green's shared infrastructure. The agreement includes upgrading from limited-scope to full O&M for 82 MW of wind projects, as well as the early renewal of full O&M for an additional 100 MW. The contract will cover the entire remaining lifespan of the project. "We are thrilled to reveal the signing of comprehensive O&M contracts for 182 MW with the renewable division of one of India's largest conglomerates. This represents a significant milestone for us, as the signing brings our complete fleet with this prestigious customer back under our management," stated SK Mathu Sudhana, CEO of Inox Green. "This demonstrates the evolving dynamics within the wind O&M sector and reinforces the confidence that our customers are placing in our enhanced capabilities,' he continued. A board meeting for Inox Green is set for August 14, 2025, to review, approve, and document the unaudited standalone and consolidated financial results for the quarter ending June 30, 2025. Inox Green Energy share price today opened at ₹ 158 apiece on the BSE, the stock touched an intraday high of ₹ 163.40 per share, and an intraday low of ₹ 157.95 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One,Inox Green Energy share prices are showing strong traction in today's session, after holding on to key support levels of 200DSMA since last three sessions, the positive momentum could continue towards 170 with 153 remains a key support. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
News18
4 days ago
- Business
- News18
Inox Green inks pact for comprehensive O&M of 182 MW of wind projects
Agency: PTI New Delhi, Aug 12 (PTI) Inox Green Energy Services on Tuesday said it has signed a pact with an Indian conglomerate to operate and maintain 182 MW of operational wind projects under its renewable energy arm. The projects are spread across multiple sites in Western India and are plugged to the common infrastructure owned by Inox Green, a company statement said. Inox Green Energy Services Ltd has entered into an agreement with one of the largest and most diversified Indian conglomerates for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy arm, according to the statement. The agreement involves the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, as well as the early renewal of comprehensive O&M for another 100 MW of wind projects, much ahead of its due renewal. The contract spans the entire balance life of the wind projects. SK Mathu Sudhana, CEO of Inox Green, said, 'This is a milestone occasion for us as with the signing of the agreement, our entire fleet with this marquee customer is now back in our fold." Inox Green Energy Services Ltd is one of the major renewable power operations and maintenance (O&M) service providers in India with > 5 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects. PTI KKS DR DR view comments First Published: August 12, 2025, 13:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
4 days ago
- Business
- Economic Times
Inox Green Energy shares jump 5% after signing agreement for 182 MW wind projects
Inox Green Energy shares surged nearly 5% to Rs 163 in Tuesday's intraday trade on the BSE after the company signed an agreement with one of India's largest conglomerates for the comprehensive operations and maintenance (O&M) of 182 MW of operational wind projects under its renewable energy arm. ADVERTISEMENT The projects, located across multiple sites in Western India, are connected to Inox Green's common infrastructure. The deal covers the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, along with the early renewal of comprehensive O&M for another 100 MW. The contract will span the entire remaining life of the project. "We are excited to announce the signing of the comprehensive O&M agreements for 182 MW with the renewable arm of one of the largest conglomerates in India. This is a milestone occasion for us as with the signing of the agreement, our entire fleet with this marquee customer is now back in our fold," said SK Mathu Sudhana, CEO of Inox Green. "This showcases the changing dynamics in the wind O&M industry and the reaffirmation of the trust which our customers are showing on our renewed capabilities,' he added.A meeting of the board of directors of Inox Green is scheduled on August 14, 2025, to consider, approve, and record the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. ADVERTISEMENT The stock's Relative Strength Index (RSI) stands at 43 (below 30 indicates oversold, above 70 overbought). The MACD is at 0.9, below both its signal and centre lines, signalling a bearish trend. Unlock 500+ Stock Recos on App Inox Green shares are currently trading above their 5-day, 10-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs). ADVERTISEMENT Year-to-date, the stock is down 7%, but it has gained 23% over the past six months. The company's market capitalisation stands at Rs 5,997 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
News18
19-05-2025
- Business
- News18
Inox Green Shares Surge 6% After Securing 285 MWp Solar O&M Agreements
Last Updated: 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
