Inox Green approved the demerger of the power evacuation business

Inox Green Energy Services Limited, one of India’s leading providers of wind power operation and maintenance services, was founded in 2012. The business belongs to the Inox GFL group of companies and is a subsidiary of Inox Wind Limited. 

Demerger of Inox Green Energy Service Limited

The Power Evacuation Business (worth Rs. 14.93 crore, or 6.19% of turnover) of Inox Green Energy Service Limited is being demerged to Resco, with 122 Resco shares offered for every 1,000 IGESL shares. Resco will be listed on the BSE/NSE, and the O&M and power evacuation businesses will now be kept apart.

A prominent participant in the renewable energy industry in India is taking calculated risks in the worldwide surge in renewable energy. By demerging its Power Evacuation Business into Resco Global Wind Services Limited, the company has announced a major restructuring. The purpose of this strategic separation, which is estimated to be worth Rs. 14.93 crore, is to establish separate organizations that will concentrate on O&M services and power evacuation operations, respectively.

Q2 of FY25 for Inox Green Energy Service Limited

Inox Green Energy Service’s consolidated revenue from operations increased by 16.4% year over year (YOY) from Rs. 47.39 crores in Q2 FY24 to Rs. 55.18 crores in Q2 FY25 and by 8.5 per cent quarter over quarter (QoQ) from Rs. 50.86 crores in Q4 FY24, according to its most recent filing.

From Rs. 5.79 crore in Q2 FY24 to Rs. 6.06 crore in Q2 FY25, the company’s consolidated net profit grew by 5.2%. The company’s net profit increased by 46% on a quarterly basis from Rs. 4.14 crore to the final quarter of 2025.

Optimizing the market for Inox Green Energy

Global capacity for renewable energy is expected to increase by 50% to 510 GW in 2023, indicating the sector’s rapid expansion. By 2028, the industry hopes to reach 7,300 GW, with China accounting for 60% of new capacity additions. The production of solar PV is growing quickly and is predicted to reach 1,100 GW by 2024.

Today’s stock movement

From its previous close of Rs. 148.62 per share, Inox Green Energy Services’ share price increased by 4% to Rs. 154.85 per share today. On November 14, 2024, the stock closed at Rs. 152.10 per share, and the market capitalization is currently around Rs. 5,627 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.