Shares of Inox Green Energy Services Ltd climbed nearly 5% today, trading around ₹168 on NSE. The rally comes as investors bet on the company’s long-term role in India’s growing renewable energy sector.
What the company does
Inox Green, part of the larger Inox Wind group, looks after the operation and maintenance (O&M) of wind turbines. It manages over 3.2 gigawatts of capacity through long-term contracts that run between 5 and 20 years.
This makes its revenue more stable, because once a wind farm is built, the turbines need regular service for decades. The company earns steady income from these contracts, which are often inflation-linked.
Why the stock is moving
Today’s gain reflects a mix of contract wins, renewals, and overall optimism in the green energy space. The stock is now 47% above its 52-week low of ₹104, though still below its high of about ₹225.
Investors also see Inox Green benefiting from India’s big push in renewable energy. The government wants to reach 500 GW of clean power capacity by 2030, and wind will play a major part.
INOXGREEN (10th sept)
- Current Price: ~₹168 (+4.8%)
- 52-Week Range: ₹104 – ₹225
- Market Cap: ~₹5,600 crore
- Business: O&M services for wind farms (~3.2 GW portfolio)
- Contract Tenure: 5–20 years
Inox Green sits at the intersection of India’s renewable energy boom and the need for reliable long-term operations. For investors with a long view, it’s a play on the country’s clean energy future. But for short-term traders, the high valuation and modest profits mean caution is advised.
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