Inox Green Energy Services Ltd
NSE:INOXGREEN
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Inox Green Energy Services Ltd
Inox Green Energy Services Ltd. provides wind power operation and maintenance services. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2022-11-23. The firm is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (WTGs) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. The firm is a subsidiary of Inox Wind Limited, which principally operates in the specialty chemicals and renewable energy sectors. The firm's services include WTG Operation Services, Co-ordination with DISCOM's, Management Systems, Predictive Maintenance, and Reactive Maintenance. Its operations services consist of remote monitoring & control through supervisory control and data acquisition (SCADA), coordination with DISCOMs which covers timely reading of energy meter, in addition to other host of offerings.
Inox Green Energy Services Ltd. provides wind power operation and maintenance services. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2022-11-23. The firm is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (WTGs) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. The firm is a subsidiary of Inox Wind Limited, which principally operates in the specialty chemicals and renewable energy sectors. The firm's services include WTG Operation Services, Co-ordination with DISCOM's, Management Systems, Predictive Maintenance, and Reactive Maintenance. Its operations services consist of remote monitoring & control through supervisory control and data acquisition (SCADA), coordination with DISCOMs which covers timely reading of energy meter, in addition to other host of offerings.
Record Quarter: Inox Wind and Inox Green reported their best-ever Q2 results, despite seasonal monsoon impacts.
Strong Growth: Inox Wind’s revenue rose 56% year-on-year to INR 1,162 crores, with EBITDA up 48% and PAT up 43%. Inox Green’s revenue doubled, rising 101% year-on-year.
Execution Momentum: Over 200 MW were executed in Q2 and 350 MW in H1, keeping the company on track for its full-year target of 1.2 GW.
Order Book & Pipeline: The order book stands above 3.2 GW, with more than 3 GW of new tenders in the pipeline and framework agreements under discussion to secure recurring orders.
Margin Guidance Maintained: EBITDA margin guidance was reiterated at 18–19%, despite H1 margins exceeding 22%.
O&M Portfolio Expansion: Inox Green's O&M portfolio reached 12.5 GW, with a target of 17 GW in two years and potential to surpass this.
Sector Tailwinds: Policy support, such as GST cuts for wind components and growing hybrid project demand, are seen as positives for the sector.
