Inox Green Energy Services Ltd: A Key Player in India’s Renewable Energy Surge
India’s renewable energy sector is experiencing a significant boom, with Inox Green Energy Services Ltd emerging as a pivotal player. The company, which went public on November 23, 2022, through the National Stock Exchange of India, has been actively involved in the country’s renewable energy expansion. As of May 2025, India’s installed renewable capacity has tripled from 75.5 GW in 2014 to 232 GW, with solar energy alone increasing from 2.8 GW to over 108 GW.
Recent Developments
Inox Green Energy Services Ltd has recently signed agreements to provide Operations and Maintenance (O&M) services for solar projects across Maharashtra, Gujarat, and Madhya Pradesh. These agreements involve a total of 189.1 MWp of operational solar projects. The company has secured pacts with multiple customers, including a global PE-backed Independent Power Producer (IPP) for projects in Maharashtra and another IPP for projects in Gujarat and Madhya Pradesh.
Market Performance
As of June 26, 2025, Inox Green Energy Services Ltd’s close price stood at INR 157.49, with a 52-week high of INR 224.65 on September 12, 2024, and a low of INR 104 on April 8, 2025. The company’s market capitalization is INR 53,370,000,000, and it has a Price Earnings ratio of 132.98.
Corporate Announcements
In addition to its recent O&M agreements, Inox Green Energy Services Ltd has been active in corporate communications. The company has announced its 13th Annual General Meeting and has been involved in various press releases and newspaper publications regarding its business activities and corporate governance.
Conclusion
Inox Green Energy Services Ltd is at the forefront of India’s renewable energy revolution, contributing significantly to the country’s growing renewable capacity. With strategic agreements and a strong market presence, the company is well-positioned to capitalize on the ongoing green boom in India.