Inox Green Energy Services Limited, a subsidiary of Inox Wind and part of the INOXGFL Group, is claiming to be India’s only listed pure-play renewable O&M services provider. The company announced today that it has bagged agreements to handle operations and maintenance services for 285 MWp of solar projects owned by two major Indian renewable energy firms. These new contracts cover multiple sites across India, marking a rapid expansion of Inox Green’s solar O&M portfolio to approximately 1 gigawatt within just one month of venturing into the solar segment.
The shares of Inox Green Energy Services Limited were trading at ₹152.87, showing an increase of ₹4.66 or 3.14 per cent on the NSE today at 1.25 pm. SK Mathu Sudhana, the CEO of Inox Green, seems pretty confident about the company’s growth trajectory in the solar O&M market. He mentioned that their expertise and ability to offer customized solutions for solar project maintenance are key advantages for them. The company, which is a subsidiary of Inox Wind and part of the INOXGFL Group, boasts itself as India’s only listed pure-play renewable O&M services provider. Before this recent expansion, Inox Green was already managing over 4 GW of renewable assets across India.
The announcement comes at a time when India is aggressively pushing towards expanding its renewable energy capacity, with developers adding multi-gigawatt solar installations on a monthly basis. This growth in the renewable sector brings significant opportunities for specialized service providers like Inox Green. The company holds a diverse portfolio with a solid decade-long track record in the renewable O&M sector. Its customer base includes major Independent Power Producers (IPPs), Public Sector Undertakings (PSUs), and various retail customers. These are supported by long-term O&M contracts that ensure reliable cash flows for the company.