Inox Green Energy Services Limited has informed the Exchange regarding a press release dated May 19, 2025, titled "Inox Green signs agreements for O&M of 285 MWp of solar projects".
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Inox Green Energy Services Limited has signed agreements to provide operations and maintenance (O&M) services for 285 MWp of solar projects owned by two of India's leading renewable energy companies. With this addition, the company's solar O&M portfolio has grown to approximately 1 GW within just one month of entering the solar segment. The company now manages over 4 GW of renewable assets overall. CEO SK Mathu Sudhana stated that the company plans to grow solar O&M assets through both organic and inorganic routes, capitalizing on India's rapidly expanding solar capacity additions.
This is a positive development for shareholders as it shows rapid scaling of the solar O&M business, diversifying revenue beyond wind O&M. The quick build-up of ~1 GW in a month signals strong demand for the company's services and could support future revenue growth.