Inox Green Energy Services soars on inking pact to provide O&M services of 285 MWp of solar projects
Inox Green Energy Services is currently trading at Rs. 154.05, up by 5.75 points or 3.88% from its previous closing of Rs. 148.30 on the BSE.
The scrip opened at Rs. 148.90 and has touched a high and low of Rs. 155.00 and Rs. 148.90 respectively. So far 13433 shares were traded on the counter.
The BSE group 'A' 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. 155.00 and Rs. 136.90 respectively. The current market cap of the company is Rs. 5442.86 crore.
The promoters holding in the company stood at 55.93%, while Institutions and Non-Institutions held 12.64% and 31.43% respectively.
Inox Green Energy Services has entered into agreements to provide operations and maintenance (O&M) services for 285 MWp of solar projects of two of India’s leading renewable energy companies. The projects are located across multiple sites which are owned by the said companies. With this agreement, the company’s solar O&M portfolio has grown to around 1 GW within a month of entering into this segment.
Inox Green Energy Services is engaged in the business of providing long-term operation and maintenance (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.
