3,100 MW Order Book: Renewable Energy Company Signs Agreements for O&M of 189.1 MWp of Solar Projects
DSIJ Intelligence-1 / 04 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 62 per cent from its 52-week low of Rs 95.65 per share.
Inox Green Energy Services Ltd, a prominent Indian provider of renewable operations and maintenance (O&M) services, has signed new agreements to manage 189.1 MWp of solar projects. These agreements include a contract for a 96.6 MWp project in Maharashtra with a global Private Equity-backed Independent Power Producer (IPP), as well as a 92.5 MWp project spanning Gujarat and Madhya Pradesh with another IPP. These recent additions have increased Inox Green's total solar O&M portfolio to approximately 1.8 GW, while its overall renewable O&M portfolio now stands at roughly 5.3 GW, demonstrating the company's significant expansion in the renewable energy sector.
On this occasion, Mr. SK Mathu Sudhana, CEO of Inox Green, remarked, "We are pleased to have secured another 189.1 MWp of solar O&M agreements, and rapidly expand in this segment. Inox Green has scaled up its solar O&M portfolio within a very short span of time, and we are continuously on the lookout for and participating in large-scale O&M opportunities across solar, wind and RE infrastructure space. Being one of the leading renewable O&M services providers in the country, we are confident of capturing a significant portion of the upcoming opportunities and rapidly scaling up our portfolio in the coming years.”
About the Company
Inox Green Energy Services Limited is one of the major renewable power operations and maintenance (O&M) service providers in India with > 5 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects. Part of the INOXGFL Group and a subsidiary of Inox Wind, with whom it enjoys a synergistic relationship, Inox Green is India’s only listed pure-play renewable O&M services company. It has a strong and diverse portfolio base and an established track record of over a decade. It has reliable cash flows supported by long-term O&M contracts. Its customers include some of the largest IPPs, PSUs, along with various retail customers.
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The company has a market cap of over Rs 5,600 crore and as of June 2025, the company’s order book stands at Rs 3,100 MW or 3.1 GW. The stock is up by 62 per cent from its 52-week low of Rs 95.65 per share. The stock’s 52-week high is Rs 224.65 and its 52-week low is Rs 95.65.
Disclaimer: The article is for informational purposes only and not investment advice.