Inox Green Energy Services signed O&M agreements for 285 MWp of solar projects, expanding its solar O&M portfolio to nearly 1 GW. The stock rose over 4% to ₹154.40, reaching a 3-month high, driven by strong renewable energy demand.
On Monday, May 19, 2025 Share price of Inox Green Energy Services Ltd jumped over 4% after signing an O&M agreement for a solar project. As of 11:04 AM IST, Inox Green Energy Services Ltd was trading at ₹154.40, up by 4.18%, at a 3-month high. The intraday high has been ₹157.94, and the low has been ₹149.40. Over the past week, the returns have been around 12.8%, and the one-year return is reported as 10.54%.
Inox Green Energy Services Ltd has announced that it has signed agreements for Operation and Maintenance (O&M) of 285 MWp of solar power projects across multiple sites. This significant addition has propelled Inox Green's solar O&M portfolio to approximately 1 GW within just one month of the company entering this segment.
On this occasion, Mr. SK Mathu Sudhana, CEO of Inox Green, remarked, "We continue to rapidly add solar assets to our portfolio under O&M, and we are delighted to announce that we have secured an additional 285 MWp across multiple sites. As developers across India continue to add multi-gigawatt solar capacities every month, we believe that through our expertise, credentials and tailor-made solutions for solar project O&M, we are well placed to grow rapidly in this segment.”
For the quarter ended December 2024, Inox Green reported a net profit of ₹5.19 crore on a total income of ₹61.13 crore. For the fiscal year 2024, the total revenue was ₹224.26 crore, and the net profit was ₹27.67 crore.
Inox Green Energy Services Limited is a prominent renewable power operations and maintenance service provider in India, currently managing over 4 GW of renewable assets. The company specialises in providing long-term O&M services for renewable energy projects. As part of the INOXGFL Group and a subsidiary of Inox Wind, Inox Green is India's only listed pure-play renewable O&M services company. It boasts a strong and diverse portfolio and a proven track record of more than a decade, supported by reliable cash flows from long-term O&M contracts. Its clientele includes major Independent Power Producers (IPPs), Public Sector Undertakings (PSUs), and numerous retail customers.
Disclaimer: The article is for informational purposes only and not investment advice.
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