Inox Green Energy

Inox Green Energy Services reported a sharp rise in third-quarter net profit to Rs 25 crore, reflecting stronger operating performance, improved receivables management and steady growth in its wind operations and maintenance portfolio. The earnings expansion underscores a recovery phase for renewable energy service providers as capacity utilization improves and payment cycles stabilize. With India accelerating its renewable energy targets, companies positioned in asset servicing and lifecycle management are benefiting from recurring revenue streams.

Inox Green Energy Services Ltd., a key player in India's renewable energy operations and maintenance (O&M) space, has inked new agreements to manage 639 MWp of solar assets for an undisclosed renewable energy major. With this strategic addition, the company’s solar O&M portfolio has grown to 1.6 GW, while its total renewable energy portfolio now exceeds 5 GW. The development reflects Inox Green’s aggressive growth trajectory and its commitment to scaling operations across diverse geographies, aligning with India's clean energy ambitions and global decarbonization trends.

Inox Green Energy Services has significantly expanded its presence in the solar operations and maintenance (O&M) sector, securing new contracts covering 285 megawatt-peak (MWp) of solar capacity for two major renewable energy firms. This milestone elevates the company’s managed solar portfolio to 1 gigawatt (GW) within just one month of entering the segment.