Inox Green Energy Services shines as its arm wins order from NLC India
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Inox Green Energy Services is currently trading at Rs. 68.95, up by 1.97 points or 2.94% from its previous closing of Rs. 66.98 on the BSE.
The scrip opened at Rs. 67.10 and has touched a high and low of Rs. 69.30 and Rs. 67.10 respectively. So far 6469 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.48 on 10-Aug-2023 and a 52 week low of Rs. 38.50 on 13-Apr-2023.
Last one week high and low of the scrip stood at Rs. 71.88 and Rs. 65.00 respectively. The current market cap of the company is Rs. 1966.57 crore.
The promoters holding in the company stood at 56.04%, while Institutions and Non-Institutions held 12.51% and 31.45% respectively.
Inox Green Energy Services’ (IGESL) subsidiary -- I-Fox Windtechnik India has won an order from NLC India, a Navratna PSU of Govt of India, for the O&M of 51MW WTGs located in the state of Tamil Nadu. The scope of the contract comprises comprehensive O&M, including power evacuation system, for a period of 5 years with a revenue realization of around Rs 40 crore (inclusive of taxes) during the contract period.
Inox Green Energy Services is one of the major wind power operations and maintenance (O&M) service providers within India. The Company is engaged in the business of providing long-term O&M services for wind projects.
