INOX Green Energy’s share price went up by almost 5% on Tuesday after the company signed a big deal with one of India’s largest business groups. The agreement is for the complete operations and maintenance (O&M) of 182 MW of existing wind energy projects.
These wind projects are located in different parts of Western India and are connected to INOX Green’s shared infrastructure. As part of the deal:
- O&M will be upgraded from a limited scope to full services for 82 MW of projects.
- Full O&M will be renewed early for another 100 MW of projects.
- The contract will last for the remaining life of the projects.
INOX Green’s CEO, SK Mathu Sudhana, said the deal is a major milestone and brings the entire project fleet from this important customer back under INOX Green’s management. He added that this shows customers’ growing trust in the company’s improved capabilities.
The company’s board meeting is scheduled for August 14, 2025, to review and approve financial results for the quarter ending June 30, 2025.
Share Price Movement
On Tuesday, INOX Green’s stock opened at ₹158 on the BSE, hit a high of ₹163.40, and a low of ₹157.95.
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According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock has shown strong momentum after holding key support levels for the last three sessions. If the trend continues, prices may move toward ₹170, with ₹153 as the main support level.
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