Inox Green signs agreements for O&M of 189.1 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 189.1 MWp of operational solar projects with multiple customers:

- 96.6 MWp with a global PE backed IPP for their projects located in Maharashtra
- 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh

With these additions, Inox Green's solar O&M portfolio reaches ~ 1.8 GW, as the company continues to rapidly grow in this segment, taking the total renewable O&M portfolio to ~ 5.3 GW.

On this occasion, Mr. SK Mathu Sudhana, CEO of Inox Green, remarked, "We are pleased to have secured another 189.1 MWp of solar O&M agreements, and rapidly expand in this segment. Inox Green has scaled up its solar O&M portfolio within a very short span of time, and we are continuously on the lookout for and participating in large scale O&M opportunities across solar, wind and RE infrastructure space. Being one of the leading renewable O&M services providers in the country, we are confident of capturing a significant portion of the upcoming opportunities and rapidly scaling up our portfolio in the coming years."

Shares of Inox Green Energy Services Limited was last trading in BSE at Rs. 152.55 as compared to the previous close of Rs. 151.20. The total number of shares traded during the day was 7267 in over 140 trades.

The stock hit an intraday high of Rs. 154.20 and intraday low of 150.30. The net turnover during the day was Rs. 1111283.00.

Source : Equity Bulls

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InoxGreenEnergyServices INE510W01014 Utilities OrderWin Operations Maintenance SolarPowerProjects