Inox Green signs agreements for O&M of 285 MWp of solar projects

Inox Green Energy Services Ltd., India's leading renewables operations and maintenance ("O&M") service provider, announced today that the company has entered into agreements to provide O&M services for 285 MWp of solar projects of two of India's leading renewable energy companies. 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 into 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."

Shares of Inox Green Energy Services Limited was last trading in BSE at Rs. 181.50 as compared to the previous close of Rs. 161.30. The total number of shares traded during the day was 1697127 in over 17103 trades.

The stock hit an intraday high of Rs. 186.00 and intraday low of 159.00. The net turnover during the day was Rs. 300279180.00.

Source : Equity Bulls

Keywords

InoxGreenEnergyServices INE510W01014 Utilities Operations Maintenance Agreement OrderWin SolarPowerProjects