Inox Green Energy Services Limited has secured a major operations and maintenance contract from KEC International Limited for a 625 MWp solar project at Bhadla, Rajasthan. The announcement was made on January 20, 2026, marking another significant milestone in the company's expansion strategy.

Major Portfolio Expansion

The new contract represents a substantial addition to Inox Green's renewable energy portfolio. With this award, the company's solar operations and maintenance portfolio has crossed the 3 GW milestone, while its total renewable O&M portfolio now exceeds 13 GW.

Strategic Growth Initiative

Mr. SK Mathu Sudhana, CEO of Inox Green Energy Services, expressed satisfaction with the partnership, stating that the company is pleased to enter into an agreement with KEC International for one of its largest solar projects. He emphasized that Inox Green is actively expanding its solar O&M portfolio through both organic and inorganic growth strategies.

Expansion Strategy

The company's growth approach encompasses multiple avenues:

• Participation in large-scale opportunities across solar, wind, and renewable energy infrastructure O&M segments
• Organic expansion through direct contract acquisitions
• Inorganic growth through strategic partnerships and acquisitions
• Expected portfolio additions from the rapid scale-up of Inox Clean's capacities, a group company

Company Profile

Inox Green Energy Services Limited operates as one of India's major renewable power operations and maintenance service providers. The company manages over 13 GW of renewable assets, including investments, and specializes in providing long-term O&M services for renewable energy projects.

The company serves a diverse customer base that includes some of the largest Independent Power Producers (IPPs), Public Sector Undertakings (PSUs), and various retail customers. Its business model is supported by long-term O&M contracts that provide reliable cash flows and operational stability across its extensive portfolio spanning multiple Indian states.

Inox Green Energy Services has issued a regulatory clarification addressing recent media reports that incorrectly linked the company to a major renewable energy acquisition. The company responded to queries from both BSE and NSE regarding news coverage that appeared in the Economic Times.

Clarification on Media Reports

The company specifically addressed a news item titled "INOX Green to Acquire Macquarie's Renewable Platform Vibrant" that appeared in the Economic Times. Inox Green Energy Services stated that this report is factually incorrect in relation to their operations and business activities.

Actual Transaction Details

The company clarified that the transaction referenced in the media report actually pertains to INOX Clean Energy Limited, which is a separate entity within the INOX GFL Group. INOX Clean Energy Limited serves as the holding company for two distinct business segments under the group's renewable energy portfolio.

INOX Clean Energy Limited's Business Segments

• Renewable Power Generation: Operated under INOX Neo Energies Limited
• Solar Manufacturing: Solar module and cell manufacturing business under INOX Solar Limited

Corporate Structure and Independence

Inox Green Energy Services emphasized the independence between the two companies within the broader INOX GFL Group structure. The company made clear distinctions about their separate operational frameworks and financial structures.

Regulatory Compliance Statement

The company reaffirmed its commitment to maintaining transparency and regulatory compliance in all communications. Inox Green Energy Services confirmed that it remains dedicated to timely and accurate disclosure of all material information as per applicable regulations.

This clarification was issued and signed by Company Secretary Anup Kumar Jain, ensuring stakeholders have accurate information about the company's business activities and any potential market-moving developments.