Latest news about Inox Green Energy Services
Inox Green Energy Services
173.09
-3.97(-2.24%)
Company Performance:
View Company Insights1D-2.24%
1M-15.87%
6M+7.64%
1Y+13.38%
5Y+192.88%
More news about Inox Green Energy Services
18Nov 25
Inox Green Clarifies: 300MW Wind Project Grid Access Revocation Has No Material Impact
Inox Green Energy Services Limited (IGESL) has issued a clarification regarding the revocation of grid access for its 300MW wind project in Gujarat. The company emphasizes that this development does not materially impact its operations or financial outlook. IGESL's core business is operation and maintenance (O&M) of renewable power assets, managing about 12.5 GW of renewable assets. The company states that the event will not affect its revenues or future guidance. IGESL is exploring options, including approaching the Appellate Tribunal for Electricity. Despite this setback, the company remains confident in its position in the renewable energy sector and its progress towards becoming India's largest renewables O&M company.
15Nov 25
Inox Green Energy Services Reports Strong Q2 FY26 Performance, Allots ESOP Shares
Inox Green Energy Services Limited (IGESL) reported impressive Q2 FY26 results with total income up 101% YoY to Rs 129.50 crores and PAT surging 363% YoY to Rs 28.10 crores. The company completed investments to acquire 6.5 GW of wind O&M assets, expanding its total O&M portfolio to about 12.5 GW. IGESL's board approved the allotment of 102,500 equity shares under its employee stock option scheme. The company also received approval for the demerger of its substation business and subsequent merger into Inox Renewable Solutions.
14Nov 25
INOX Green Energy Reports Record Q2 Performance with 101% Revenue Growth
INOX Green Energy Services Limited announced its best-ever quarterly performance for Q2, with total income up 101% YoY to Rs 129.50 crores. The company's EBITDA increased by 52% to Rs 52.20 crores, while Profit After Tax surged 363% to Rs 28.10 crores. INOX Green completed investments to acquire 6.5 GW of wind O&M assets, expanding its portfolio to approximately 12.5 GW. The company also received approval for demerging its substation business, pending NCLT approval. With improved machine availability of 96.3%, INOX Green is positioning itself as the largest Indian renewable energy O&M service provider.
04Nov 25
Inox Green Energy Services Secures Unanimous Approval for Scheme of Arrangement
Inox Green Energy Services Limited (IGESL) has received approval from all stakeholder groups for its proposed scheme of arrangement with Inox Renewable Solutions Limited. Equity shareholders (98.89%), warrant holders (100%), secured creditors (100%), and unsecured creditors (100%) voted in favor of the resolution during meetings held on November 1, 2025. The approval process complied with regulatory requirements, including SEBI guidelines and the Companies Act, 2013. The scheme will now proceed to the next stages of implementation, pending final sanction from the NCLT.
01Nov 25
Inox Green Energy Services Holds Crucial Stakeholder Meetings for Proposed Demerger
Inox Green Energy Services Limited (IGESL) conducted meetings with equity shareholders, warrant holders, secured and unsecured creditors on November 1, 2025, to discuss a proposed demerger. The meetings, held via video conferencing, were in compliance with an NCLT order. Stakeholders considered a Scheme of Arrangement between IGESL and Inox Renewable Solutions Limited. Remote e-voting was available from October 28 to October 31, 2025. The proposed demerger, if approved, could lead to a more focused business structure in the renewable energy sector. Detailed voting results are to be submitted to stock exchanges.
09Sept 25
Inox Green Energy Services Reports Strong Q1 Results, Targets 17 GW O&M Portfolio by FY '28
Inox Green Energy Services Limited (IGESL) reported robust Q1 financial results with total income up 79% to INR 98.00 crores and profit after tax increasing 4.4 times to INR 22.00 crores. The company expanded its renewable O&M portfolio to 5.1 GW, including 1.6 GW of new solar O&M contracts. IGESL aims to grow its portfolio to 17 GW in two years through organic and inorganic means. The company has invested in an entity controlling 2 GW of O&M assets and is participating in large-scale wind and solar O&M tenders.
03Sept 25
Inox Green Energy Boosts Solar O&M Portfolio with 189.1 MWp New Agreements
Inox Green Energy Services Limited (IGESL) has signed new agreements to provide O&M services for 189.1 MWp of operational solar projects. This includes 96.6 MWp with a global PE-backed IPP in Maharashtra and 92.5 MWp with an IPP in Gujarat and Madhya Pradesh. The expansion increases IGESL's solar O&M portfolio to approximately 1.8 GW and total renewable O&M portfolio to about 5.3 GW. CEO SK Mathu Sudhana expressed satisfaction with the company's rapid growth in the solar segment.
14Aug 25
Inox Green Energy Services Reports Strong Q1 Results, Expands O&M Portfolio
Inox Green Energy Services Limited (IGESL) reported strong Q1 financial results with total income up 78.18% to Rs 98 crore, EBITDA up 62.16% to Rs 48 crore, and profit after tax soaring 450% to Rs 22 crore. The company maintained 95.6% machine availability and expanded its Renewable O&M portfolio to 5.1 GW, including 1.6 GWp of new solar O&M contracts. IGESL also secured a 182 MW wind project O&M contract and aims to exceed 10 GW portfolio within two years.
12Aug 25
Inox Green Energy Services Secures 182 MW Wind Project O&M Agreement
Inox Green Energy Services Limited has signed an agreement with a major Indian conglomerate's renewable energy arm for comprehensive O&M services of 182 MW operational wind projects across Western India. The deal includes converting 82 MW from limited-scope to comprehensive O&M and renewing 100 MW ahead of schedule, covering the projects' entire remaining life. This agreement brings Inox Green's entire fleet with this customer back under their management, reinforcing their position in the wind O&M industry.
18Jul 25
Inox Green Energy Services Secures BSE and NSE Approval for Arrangement Plan
Inox Green Energy Services Limited (IGESL) has received approval from BSE and NSE for its proposed Scheme of Arrangement involving IGESL as the Demerged Company and Inox Renewable Solutions Limited as the Resulting Company. The stock exchanges issued 'No adverse observation/No objection' letters dated July 18. This approval allows IGESL to proceed with filing the scheme with the National Company Law Tribunal (NCLT). The company must adhere to several conditions, including transparency in disclosures, compliance with SEBI circulars, and timely submission to NCLT within six months.
02Jun 25
Inox Green Energy Services Reports Sharp Decline in Q4 Profit, Stock Dips
Inox Green Energy Services Ltd. reported a significant decline in its fourth-quarter profit, with net earnings falling by 73.9% to Rs 5.60 crore. The company's EBITDA also decreased by 92.9% to Rs 0.81 crore. However, revenue grew by 30.4%. The company's share price dropped by 3.25% following the announcement. The operating profit margin decreased from 20.22% in Q4 FY2024 to 1.27% in Q4 FY2025, indicating pressure on operational efficiency. Expenses increased by 61.48% year-over-year, outpacing revenue growth.
30May 25
INOX Green Energy Reports Mixed Q4 Financial Results
INOX Green Energy's Q4 financial results show a 30.50% year-over-year increase in revenue to ₹683.80 million. However, net profit declined by 73.90% to ₹55.60 million compared to the same quarter last year. On a positive note, the company saw a 35.28% sequential improvement in net profit from the previous quarter.
21May 25
INOX Green Energy Services Expands Solar O&M Portfolio with 639 MWp Agreement
INOX Green Energy Services Limited has signed agreements to provide operations and maintenance (O&M) services for 639 MWp of solar projects. This addition expands the company's solar O&M portfolio to 1.6 GW, with its total renewable O&M portfolio now exceeding 5 GW. The projects are spread across multiple sites owned by a leading renewable player, potentially diversifying INOX Green's experience in managing solar assets under various conditions.
19May 25
INOX Green Energy Expands Solar O&M Portfolio to 1 GW with New Agreements
INOX Green Energy Services has signed agreements for operations and maintenance of 285 MWp of solar projects, expanding its solar O&M portfolio to 1 GW capacity within a month of entering the segment. The company secured deals with two leading Indian renewable energy firms, leading to a 6.50% increase in its share price. This rapid growth positions INOX Green as a significant player in India's expanding renewable energy services sector.
30Apr 25
Inox Green Energy Services Expands into Solar O&M with 675 MWp Agreement
Inox Green Energy Services Ltd (INOXGREEN) has signed an agreement to provide O&M services for 675 MWp of solar projects across multiple states in India. This marks the company's entry into the solar O&M sector, complementing its existing renewable energy services. The move aligns with India's growing focus on renewable energy and positions Inox Green to capitalize on the expanding solar market. The company, a subsidiary of Inox Wind and part of the INOXGFL Group, currently manages over 4 GW of renewable assets.
30Apr 25
INOX Green Energy Services Expands into Solar O&M with 675 MWp Agreement
INOX Green Energy Services Limited has entered the solar energy sector by signing an agreement to provide O&M services for 675 MWp of solar projects across multiple Indian states. This strategic move diversifies the company's portfolio beyond wind energy O&M. CEO S K Mathusudhana views this as a significant growth opportunity in a rapidly expanding industry. As a subsidiary of Inox Wind and part of the INOXGFL Group, INOX Green currently manages over 4 GW of renewable assets and is India's only listed pure-play renewable O&M services company.
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