Inox Green Energy Services subsidiary, I-Fox Windtechnik, has secured an order from NLC India to maintain and operate a 51 MW Tamil Nadu-based wind energy project for five years. Comprehensive O&M, including the power evacuation system, is included in the scope of the agreement, with a revenue of Rs 40 crores expected during the term of the contract.
Inox Green Energy Services: The scope of the contract comprises comprehensive O&M, including power evacuation system, for a period of five years with a revenue realisation of Rs 40 crore during the contract period, the company said.
The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale OFS of equity shares by certain shareholders to the tune of Rs 400 crore, Inox Wind said in a BSE filing.Board of Directors of our Companys material subsidiary, Inox Green Energy Services Ltd Earlier known as Inox Wind Infrastructure Services Ltd IGESL in their meeting held today i.e. May 9, 2022, has accorded a fresh approval to the fundraising.
On January 18, 2022, as an existing and eligible shareholder of IGESL, Inox Wind had accorded its approval to participate in the proposed offer through an offer for the sale of equity shares.