As India’s only listed pure-play renewable O&M company, Inox Green’s latest expansion aligns with its strategy to diversify its customer base and deepen its presence in high-growth renewable corridors.
Inox Green Energy Services Ltd. (IGESL), India’s only listed pure play renewable operations and maintenance (O&M) company, has announced the signing of new agreements to manage 189.1 megawatt peak (MWp) of operational solar projects across Maharashtra, Gujarat, and Madhya Pradesh. The contracts mark a significant expansion in the company’s solar O&M footprint, which now stands at approximately 1.8 GW.
The latest agreements include 96.6 MWp with a global private equity-backed independent power producer (IPP) for projects in Maharashtra, and 92.5 MWp with another IPP for assets located in Gujarat and Madhya Pradesh. With these additions, Inox Green’s total renewable O&M portfolio has reached nearly 5.3 GW, reinforcing its position as one of India’s leading service providers in the clean energy space.
Commenting on the development, SK Mathu Sudhana, CEO, Inox Green, said, “Inox Green has scaled up its solar portfolio within a very short span of time, and we continue to pursue large-scale opportunities across solar, wind, and renewable infrastructure. As a leading O&M provider, we are confident of capturing a significant share of upcoming opportunities and accelerating our growth in the years ahead.”
The expansion aligns with Inox Green’s strategy to diversify its customer base and deepen its presence in high-growth renewable corridors. The company’s long-term contracts with IPPs, government-owned enterprises, and retail clients provide reliable cash flows and operational stability.
Besides, as a subsidiary of Inox Wind and part of the INOXGFL Group, Inox Green benefits from strong synergies and a decade-long track record in the sector. In a recent interview with INFRASTRUCTURE TODAY, Devansh Jain, Executive Director, Inox GFL, said their O&M strategy was built around preventive diagnostics, with centralised supervisory control and data acquisition (SCADA) monitoring and AI-enabled drone inspections ensuring asset longevity and cost efficiency. “Our control centre oversees nearly 4 GW of assets nationwide, supported by local hubs at major wind sites.”
The company’s growing solar portfolio reflects broader industry trends, with developers increasingly outsourcing O&M to specialised players to ensure asset longevity, performance optimisation, and regulatory compliance.