Shares of Inox Green Energy Services Ltd are trading flat despite touching a day’s high of Rs 154.99 on 3rd September, as the company announced agreements to provide operation and maintenance services for 189.1 MWp of operational solar projects across multiple customers.

The new agreements cover 96.6 MWp with a global PE-backed power producer. This is for projects in Maharashtra. Additionally, there is 92.5 MWp with another IPP for projects in Gujarat and Madhya Pradesh.

With these deals, Inox Green’s O&M portfolio has grown to 1.8 GW. The company aims to scale it up to 5.3 GW.

CEO SK Mathu Sudhana said the company has expanded its solar O&M portfolio in a short time. Additionally, it is actively pursuing large opportunities across solar, wind, and other renewable energy infrastructure.

Inox Green entered the O&M sector in April this year. They signed their first deal to manage 675 MWp of solar projects for a leading Indian renewable energy company.

At 11:39 AM, the shares of Inox Green were trading 0.90% higher at Rs 153 on NSE.

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