Inox Green Energy-led arm secures O&M order from NLC India

21 Aug 2023 , 03:02 PM

Inox Green Energy Services subsidiary I-Fox Windtechnik has received an order from state-owned NLC India for the management and maintenance of a 51 MW wind energy project in Tamil Nadu.

Inox Green Energy Services Ltd (IGESL) is among the prominent players in the wind power operations and maintenance (O&M) segment. The deal includes comprehensive O&M, including a power evacuation system, for a duration of five years, with a revenue realization of Rs 40 crore during the contract period, according to the business.

A LoA (Letter of Award) from one of the largest PSUs is an important achievement in the company’s and its subsidiary I-Fox Wind’s growth journey, said the company.

 ‘Through a mix of organic and inorganic growth, we are progressing toward our goal of reaching a WTG O&M portfolio of 6GW by FY26,’ stated S K Mathu Sudhana, CEO of IGESL.

At around 2.54 PM, Inox Green Energy was trading 2.43% higher at Rs 68.61, against the previous close of Rs 66.98 on NSE. The counter touched an intraday high and low of Rs 69.78 and Rs 67.10, respectively.

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