Shares of Inox Green Energy Services Ltd rallied more than 4% on 12 August after the company announced signing an agreement with one of India’s largest and most diverse companies for the comprehensive operation and maintenance of 182 megawatts (MW) of operational wind projects housed under its renewable energy arm.

According to Inox Green, the projects are spread over different sites in Western India and are connected to the company’s common infrastructure.

The deal calls for the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, as well as the renewal of comprehensive O&M for another 100 MW of wind projects, far in advance of its due date. The contract extends over the whole balance life of the wind projects, it noted.

SK Mathu Sudhana, CEO of Inox Green, said, “We are excited to announce the signing of the comprehensive O&M agreements for 182 MW with the renewable arm of one of the largest conglomerates in India. This is a milestone occasion for us as with the signing of the agreement, our entire fleet with this marquee customer is now back in our fold.”

Mathu added, “This showcases the changing dynamics in the wind O&M industry and the reaffirmation of the trust which our customers are showing on our renewed capabilities.”

Moreover, the company’s board of directors will meet on 14 August 2025 to approve the unaudited standalone and consolidated financial results for the quarter ended 30 June 2025.

At 1:27 pm, the shares of Inox Green Energy were trading 2.41% higher at Rs 160.01 on NSE.

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