Inox Green signs agreement for O&M of 675 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 an agreement to provide operations and maintenance (O&M) services for 675 MWp of solar projects of one of India's leading renewable energy companies. The projects are located at sites owned by the said company across multiple states. With this agreement, Inox Green marks its entry into solar O&M, in a sector which is poised to increase multi-fold over the next decade, providing immense growth opportunities for the company.

On this occasion, Mr. S K Mathusudhana, CEO of Inox Green, remarked, "We are thrilled to enter into this agreement with a marquee customer. With this, Inox Green has now forayed into solar O&M which offers large-scale growth opportunities for us in one of the fastest expanding industries. We believe that with our expertise, credentials and relationships across customers in India, we will be able to rapidly grow our portfolio of assets under management."

Shares of Inox Green Energy Services Limited was last trading in BSE at Rs. 142.95 as compared to the previous close of Rs. 143.90. The total number of shares traded during the day was 83197 in over 1306 trades.

The stock hit an intraday high of Rs. 146.40 and intraday low of 141.00. The net turnover during the day was Rs. 11974902.00.

Source : Equity Bulls

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InoxGreenEnergyServices INE510W01014 Utilities OrderWin SolarProjects