Inox Green Share Price Jumps 5% After Major Solar Project Deal

Market Performance

Inox Green's share price surged over 5% on May 19, following the announcement of a significant new agreement. During Monday's trading session, the stock touched an intraday high of ₹157.31 apiece.

This spike in performance highlights renewed investor interest amid the company's expanding footprint in India's renewable energy sector.

New Agreement Boosts O&M Portfolio

In a significant development, Inox Green Energy Services Limited has signed a new deal to provide operations and maintenance (O&M) services for 285 MWp solar projects.

• The agreement involves two of India's leading renewable energy firms
• The projects are spread across multiple locations in India
• With this addition, Inox Green's total solar O&M portfolio has expanded to 1 GW

CEO Mathu Sudhana expressed confidence in the company's growth trajectory, emphasizing the ongoing push towards solar expansion across the country and Inox Green's ability to serve this growing demand effectively.

Company Details

• Inox Green Energy Services is one of India's leading renewable energy O&M service providers
• The company manages over 4 GW of renewable assets across India
• Focuses on long-term service contracts for wind and solar energy projects

In April 2025, the company also secured a 675 MWp solar O&M contract, further underlining its strong momentum in the solar space.

Stock Performance Snapshot

• 1-year gain: Over 11.65%
• 5-year return: The stock has risen by 148.88%

These numbers reflect growing investor confidence in Inox Green's strategy and expansion in clean energy services.

Summary

The sharp jump in Inox Green's share price comes from a substantial O&M contract in the solar sector. With a rapidly growing portfolio, the company continues to position itself as a key player in India's renewable energy landscape.