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The latest announcement is out from Inox Green Energy Services Ltd. ( (IN:INOXGREEN) ).
Inox Green Energy Services Ltd. has secured a Letter of Award from KEC International Ltd. to provide operations and maintenance services for a 625 MWp solar project at Bhadla in Rajasthan, one of KEC’s largest solar assets. The deal lifts Inox Green’s solar O&M portfolio beyond 3 GW and its overall renewable O&M portfolio above 13 GW, underscoring its rapid expansion across solar and wind and reinforcing its role as a key third-party O&M player in India’s renewables sector. Management indicated that the company is pursuing both organic and inorganic growth in solar, wind and broader renewable infrastructure O&M, and expects additional portfolio gains from the planned capacity scale-up at group company Inox Clean, suggesting stronger medium-term growth visibility for its service pipeline and recurring revenue base.
More about Inox Green Energy Services Ltd.
Inox Green Energy Services Limited is a major Indian renewable power operations and maintenance (O&M) service provider with more than 13 GW of renewable assets under management, including investments. A subsidiary of Inox Wind and part of the INOXGFL Group, it is positioned as India’s only listed pure-play renewable O&M services firm, offering long-term service contracts across both wind and solar projects. The company operates a diversified portfolio across 12 Indian states and caters to large independent power producers, public sector undertakings and retail customers, underpinning stable cash flows through long-duration O&M agreements.
Average Trading Volume: 101,732
Technical Sentiment Signal: Buy
Current Market Cap: 70.83B INR
Learn more about INOXGREEN stock on TipRanks’ Stock Analysis page.