Inox Green Energy Services Ltd., a prominent name in India’s renewable energy operations and maintenance (O&M) sector, has announced its entry into the solar O&M segment. The company has signed an agreement to provide O&M services for 675 MWp of solar projects. These projects are owned by one of India’s leading renewable energy firms and are spread across multiple states.
This development marks a strategic shift for Inox Green, traditionally focused on wind energy O&M services. The move into solar aligns with the company’s long-term vision of tapping into high-growth segments within India’s expanding renewable energy landscape. As the solar energy sector is expected to grow significantly over the next decade, Inox Green is positioning itself to leverage this momentum.
Also Read: INOXGFL Group Plans to List INOX Clean Energy in FY26; Aims to Garner ₹5,000 cr From IPO!
On this occasion, Mr. S K Mathusudhana, CEO of Inox Green, remarked, “We are thrilled to enter
into this agreement with a marquee customer. With this, Inox Green has now forayed into solar O&M which offers large-scale growth opportunities for us in one of the fastest expanding industries. We believe that with our expertise, credentials and relationships across customers in India, we will be able to rapidly grow our portfolio of assets under management.”
On April 30, 2025, Inox Green share price opened at ₹143.70, slightly up from its previous close of ₹142.75. At 10:13 AM, the share price of Inox Green was trading at ₹140.55, down by 1.54% on the NSE.
With this deal, Inox Green strengthens its presence in the renewables sector, setting the stage for diversified, long-term growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 30, 2025, 10:10 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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