Inox Green Energy Services Limited
Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL"), and part of the Inox GFL group of companies.
What Inox files
- Others58
- Updates22
- Investor Meet19
- Important16
- Board Meeting8
- PPTs8
Inox Green Energy Services' (IGESL) IRSL Committee allotted 4.89 Cr fully paid-up equity shares of IRSL to eligible IGESL shareholders under the Scheme of Arrangement. Efforts are underway to credit shares to demat accounts and secure listing/trading approvals.
Company's board approved Q1 financial results: Consolidated Revenue ₹101.18 Cr, PAT ₹40.79 Cr. Whole-time Director Manoj Dixit (2 yrs) and Independent Director Bindu Saxena (5 yrs) re-appointed, subject to shareholder approval. Bank guarantees for ₹55.78 Cr from SPVs invoked; Inox Wind to cover unrecovered costs.
Inox Green Energy Services will acquire Wind World (India)'s O&M business, adding ~4.5 GW to its portfolio for up to Rs. 550 Cr cash. NCLT approval is secured, paving the way for a significant expansion of IGESL's operational capacity.
Inox Green secured approval for its plan to acquire Wind World (India) Limited's (WWIL) IPP and O&M businesses. This expands the company's operational footprint significantly.
Inox Green Energy Services' demerger with Inox Renewable Solutions is now effective. The company completed the final steps, implementing the significant corporate restructuring. This marks an important operational milestone.