Inox Green Energy share price gained 3 percent on August 12 after the company entered into an agreement with one of the largest and most diversified Indian conglomerates for the comprehensive O&M of 182 MW of operational wind projects housed under its renewable energy arm.
At 09:44 hrs Inox Green Energy Services was quoting at Rs 161.25, up Rs 5.60, or 3.60 percent, on the BSE.
The projects are located across multiple sites in Western India plugged into the common infrastructure owned by the company, Inox Green said in its release.
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, it added.
"We are excited to announce the signing of the comprehensive O&M agreements for 182 MW with the renewable arm of one of the largest conglomerates in India. This is a milestone occasion for us as with the signing of the agreement, our entire fleet with this marquee customer is now back in our fold," said SK Mathu Sudhana, CEO of Inox Green.
"This showcases the changing dynamics in the wind O&M industry and the reaffirmation of the trust which our customers are showing on our renewed capabilities,” he added.
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A meeting of the board of directors of the company is scheduled to be held on August 14, 2025,
to consider, approve and take on record the un-audited standalone and consolidated
financial results of the company for the quarter ended June 30, 2025.
The share touched a 52-week high of Rs 224.65 and a 52-week low of Rs 95.65 on 13 September, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 28.22 percent below its 52-week high and 68.58 percent above its 52-week low.
The market capitalisation of the company stands at Rs 5,918.15 crore.
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