Inox Green Energy Services Ltd's subsidiary I-Fox Windtechnik receives LoA from NLC India for the restoration of 33 WTGs

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 (I-Fox) has won an order from NLC India Ltd. (NLCIL), a Navratna PSU of Govt of India, for the restoration of 33 wind turbine generators (each 1.5 MW) of NLCIL's wind power plant located in Tenkasi District in the state of Tamil Nadu. The scope of the contract comprises supplies of materials/spares and other activities for the restoration of the 33 WTGs within a period of 8 months, with a revenue realisation of ~ INR 39.5 crores (inclusive of taxes) during the contract period.

Mr. SK Mathu Sudhana, CEO of IGESL, on this occasion, remarked, "We are delighted to receive another order from NLC India, a Navratna PSU, after securing the contract for comprehensive O&M of 51MW WTGs for 5 years during the last year. This order demonstrates the faith which our clients have shown in our diversified service offerings and is a testament to the capabilities which we have built over the years. This is another important landmark in the growth journey of IGESL as well as of our subsidiary I-Fox Wind, and we are progressing well on our targets on all fronts."

Shares of Inox Green Energy Services Limited was last trading in BSE at Rs. 122.40 as compared to the previous close of Rs. 121.40. The total number of shares traded during the day was 40550 in over 490 trades.

The stock hit an intraday high of Rs. 126.50 and intraday low of 119.00. The net turnover during the day was Rs. 4979238.00.

Source : Equity Bulls

Keywords

InoxGreenEnergyServices INE510W01014 Utilities IFoxWindtechnik LOA OrderWin Restoration 33WindTurbineGenerators NLCIndia