Shares of Inox Inexperienced Vitality Providers Ltd soared 6% on Monday, 19 Might, after the agency introduced that it had secured agreements to offer operation and upkeep (O&M) for 285 MWp of photo voltaic installations.
The corporate said that it inked offers with two of India’s largest renewable power corporations. The tasks are unfold throughout a number of websites.
With this association, Inox Inexperienced’s photo voltaic O&M portfolio has reached 1 gigawatt (GW).
SK Mathu Sudhana, CEO of Inox Inexperienced, mentioned, “We proceed to quickly add photo voltaic belongings to our portfolio below O&M, and we’re delighted to announce that we’ve secured a further 285 MWp throughout a number of websites.”
In April, Inox Inexperienced Vitality signed an settlement to supply O&M providers for 675 MWp of photo voltaic tasks owned by a famend Indian renewable power agency.
Final month, reviews claimed that Inox Clear Vitality could submit a draft purple herring prospectus (DRHP) with capital markets regulator SEBI within the coming weeks for his or her Rs 5,000-crore IPO below the key route.
At 1:51 pm, the shares of Inox Inexperienced have been buying and selling 3.39% increased at Rs 153.24 on NSE.
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