Inox Green Energy Services rises on inking pact for comprehensive O&M of 182 MW of wind projects
Inox Green Energy Services is currently trading at Rs. 158.80, up by 3.15 points or 2.02% from its previous closing of Rs. 155.65 on the BSE.
The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 158.80 and Rs. 157.95 respectively. So far 707 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.65 on 13-Sep-2024 and a 52 week low of Rs. 95.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 163.90 and Rs. 152.00 respectively. The current market cap of the company is Rs. 5712.62 crore.
The promoters holding in the company stood at 55.97%, while Institutions and Non-Institutions held 8.49% and 35.54% respectively.
Inox Green Energy Services has entered into an agreement with one of the largest and most diversified Indian conglomerates for the comprehensive operation and maintenance (O&M) of 182 MW of operational wind projects housed under its renewable energy arm. The projects are located across multiple sites in Western India plugged into the common infrastructure owned by Inox Green. The agreement involves the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, as well as the renewal of comprehensive O&M for another 100 MW of wind projects, much ahead of its due renewal. The contract spans the entire balance life of the wind projects.
Inox Green Energy Services is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs.
