This Green Energy Stock Signs Agreements for O&M of 285 MWp of Solar Projects; Portfolio Jumps to 1GW Within a Month

The company has delivered a 1-year return of 11.55 per cent and has a market capitalization of Rs 5,443 crore.

Inox Green Energy Services Ltd., India's only listed pure-play renewable operations and maintenance (O&M) company, has taken a significant step in expanding its solar portfolio. The company has signed new agreements to manage 285 megawatt-peak (MWp) of solar projects owned by two leading renewable energy players in India. These projects are spread across multiple locations and mark a notable addition to the company’s rapidly growing solar footprint.

The expansion comes shortly after Inox Green ventured into the solar segment, reaching approximately 1 gigawatt (GW) of solar O&M assets within a month. Commenting on the development, CEO Mr. SK Mathu Sudhana stated, “We continue to rapidly add solar assets to our portfolio under O&M and we are delighted to announce that we have secured additional 285 MWp across multiple sites.” This move is part of Inox Green's strategic plan to grow its renewable asset base through both organic and inorganic routes.

Incorporated in 2012, Inox Green is a subsidiary of Inox Wind Limited and part of the larger INOXGFL Group. The company has built a strong reputation in the wind O&M space, offering long-term services ranging from 5 to 20 years. It manages over 3.5 GW of wind assets across eight wind-rich states, with a proven track record of performance enhancement and hybrid energy solutions. The company is also eyeing solar and hybrid energy expansion, aiming to reach a 10 GW portfolio in the next 3–4 years.

As of May 16, 2025, the share price of Inox Green Energy Services Ltd. stands at Rs 148.3, with a 52-week high of Rs 220.9 and a 52-week low of Rs 104.7. The company has delivered a 1-year return of 11.55 per cent and has a market capitalization of Rs 5,443 crore. It trades at a price-to-earnings (PE) ratio of 158.31, which reflects high investor expectations for future growth. Notable public shareholders include Samena Green Ltd (1.97 per cent), Authum Investment And Infrastructure Limited (1.62 per cent), and Progressive Star Finance Private Limited (1.00 per cent).

Inox Green’s revenue model is considered robust, generating Rs 80 crore in revenue and Rs 40 crore in EBITDA for every 1 GW commissioned. As the company continues to scale its solar operations and explore hybrid project opportunities, it could emerge as a key Small-Cap stock in India’s renewable energy sector. Investors might also look forward to future corporate actions such as right issues or bonus announcements, especially if growth sustains in the coming quarters.

Disclaimer: The article is for informational purposes only and not investment advice.