Inox Green to provide O&M services for 5 GW of renewable projects to be developed by INOXGFL Group & KP Group

Inox Green Energy Services Ltd., India's leading renewables operations and maintenance ("O&M") service provider, announced today that the company's parent, Inox Wind Limited and Group company, Inox Solar Limited, have entered into Memorandums of Understanding (MoU) with KP Group companies KP Energy Ltd. & KPI Green Ltd. respectively.

The MoUs establish strategic partnerships aimed at jointly developing 2.5 GW of wind and 2.5 GW of solar power projects across multiple states in India. Under the MoUs, Inox Green will provide the O&M services for the wind turbine generators and solar modules set up across all the projects under the partnership.

Shares of Inox Green Energy Services Limited was last trading in BSE at Rs. 235.90 as compared to the previous close of Rs. 250.75. The total number of shares traded during the day was 259146 in over 3320 trades.

The stock hit an intraday high of Rs. 249.60 and intraday low of 225.80. The net turnover during the day was Rs. 62201061.00.

Source : Equity Bulls

Keywords

InoxGreenEnergyServices INE510W01014 Utilities MoU KPGroup