3300 MW Order Book: Solar Energy Company Signs Agreements for O&M of 639 MWp of Solar Projects
The company has delivered a 36.52 per cent return in the last one year.
Inox Green Energy Services Ltd., a listed pure-play renewable operations and maintenance (O&M) services company, has made significant strides in its solar segment. The company recently announced it has secured O&M agreements for 639 MWp of solar projects from a leading renewable energy firm backed by a major global energy conglomerate. With this, Inox Green’s solar O&M portfolio has expanded to around 1.6 GW, contributing to a total renewable O&M portfolio that now exceeds 5 GW.
The company, incorporated in 2012 and a subsidiary of Inox Wind Ltd. under the Inox GFL Group, is a notable player in India's wind power O&M market. Its long-term service agreements typically span between 5 and 20 years and cover both operation and maintenance across wind-rich states. In Q3 FY25, the firm was operating approximately 3.5 GW of wind capacity. Looking ahead, it targets expanding its total renewable O&M portfolio to 6 GW by FY26 and 10 GW over the next three to four years, including solar and hybrid energy projects.
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Commenting on the milestone, CEO SK Mathu Sudhana stated, “We are delighted to announce that we have secured another 639 MWp of solar O&M agreements, as we continue to march ahead in this segment. With this, Inox Green has achieved an important milestone crossing 5 GW of renewable assets in our O&M portfolio. We are confident of continuing our portfolio ramp up and scale newer highs both operationally and financially in the coming years.”
As of May 20, 2025, the stock of Inox Green Energy Services Ltd. is trading at Rs 181.5. The 52-week high is Rs 220.9, while the 52-week low stands at Rs 104.7, indicating significant investor interest and strong price movement. The company has delivered a 36.52 per cent return in the last one year. With a market capitalisation of Rs 6,661 crore, the company currently trades at a price-earnings (PE) ratio of 172.19, reflecting investor expectations of future growth.
Inox Green is categorized among India’s Small-Cap renewable energy players. Its revenue model projects a topline of Rs 80 crore and an EBITDA of Rs 40 crore for every 1 GW of commissioned assets, which could support long-term profitability. Key public shareholders include Samena Green Ltd (1.97 per cent), Authum Investment and Infrastructure Ltd (1.62 per cent), and Progressive Star Finance Pvt. Ltd (1.00 per cent).
Disclaimer: The article is for informational purposes only and not investment advice.