Shares of Inox Inexperienced Vitality Companies Ltd rallied greater than 4% on 12 August after the corporate introduced signing an settlement with one among India’s largest and most various firms for the great operation and upkeep of 182 megawatts (MW) of operational wind tasks housed below its renewable vitality arm.
In line with Inox Inexperienced, the tasks are unfold over totally different websites in Western India and are linked to the corporate’s widespread infrastructure.
The deal requires the conversion of limited-scope to complete O&M for 82 MW of wind tasks, in addition to the renewal of complete O&M for one more 100 MW of wind tasks, far prematurely of its due date. The contract extends over the entire steadiness lifetime of the wind tasks, it famous.
SK Mathu Sudhana, CEO of Inox Inexperienced, stated, “We’re excited to announce the signing of the great O&M agreements for 182 MW with the renewable arm of one of many largest conglomerates in India. It is a milestone event for us as with the signing of the settlement, our whole fleet with this marquee buyer is now again in our fold.”
Mathu added, “This showcases the altering dynamics within the wind O&M business and the reaffirmation of the belief which our prospects are exhibiting on our renewed capabilities.”
Furthermore, the corporate’s board of administrators will meet on 14 August 2025 to approve the unaudited standalone and consolidated monetary outcomes for the quarter ended 30 June 2025.
At 1:27 pm, the shares of Inox Inexperienced Vitality have been buying and selling 2.41% increased at Rs 160.01 on NSE.
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