Inox Green signs agreements for O&M of 639 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 639 MWp of solar projects of one of India's leading renewable energy companies, which is backed by a major energy MNC. The projects are located across multiple sites which are owned by the said company. With this addition, Inox Green's solar O&M portfolio reaches ~ 1.6 GW, as the company continues to rapidly grow in this segment, taking the total renewable O&M portfolio to > 5 GW.

On this occasion, Mr. SK Mathu Sudhana, CEO of Inox Green, remarked, "We are delighted to announce that we have secured another 639 MWp of solar O&M agreements, as we continue to march ahead in this segment. With this, Inox Green has achieved an important milestone crossing 5 GW of renewable assets in our O&M portfolio. We are confident of continuing our portfolio ramp up and scale newer highs both operationally and financially in the coming years."

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 Services OrderWin SolarPowerProjects