Inox Green Energy Services Ltd (IGESL), India’s leading wind power operations and maintenance (“O&M”) service provider, announced today that its subsidiary I-Fox Windtechnik India Private Limited has won an order from NLC India Ltd, a Navratna PSU of Govt of India, for the O&M of 51MW WTGs located in the state of Tamil Nadu.
The scope of the contract comprises comprehensive O&M, including power evacuation system, for a period of 5 years with a revenue realisation of ~ INR 40 crores (inclusive of taxes) during the contract period.
Mr. SK Mathu Sudhana, the CEO of IGESL, on this important development, remarked, “LoA from one of the largest PSUs is an important milestone in the growth journey of IGESL as well as of our subsidiary IFox Wind. The order demonstrates the faith which our clients have in our services, and endorses the capabilities which we have built over the years. We are progressing towards our goal of reaching a WTG O&M portfolio of 6GW by FY26, through a mix of organic and inorganic growth.
ABOUT INOX GREEN ENERGY SERVICES LIMITED:
Inox Green Energy Services Limited is one of the major wind power operations and maintenance (“O&M”) service providers within India with a fleet size of >3 GW. The Company is engaged in the business of providing long-term O&M services for wind projects. It is a subsidiary of Inox Wind Limited with whom it enjoys a synergistic relationship and is a part of the Inox GFL Group. It has a strong and diverse existing portfolio base and an established track record. It has reliable cash flows supported by long-term O&M contracts. Its customers include some of the largest IPPs, PSUs and various retail customers.
