Inox Green Energy Services Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The scope of the contract comprises supply of materials/spares and other activities for the restoration of the 33 WTGs (each 1.5 MW) of NLCIL’s wind power plant located at Tenkasi District in Tamil Nadu.

The project is to be completed within 8 months and has a revenue realisation of Rs 39.5 crore.

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.”

The company reported a consolidated net loss of Rs 1.50 crore in Q3 FY24 as against a net profit of Rs 4.70 crore in Q3 FY23. Revenue from operations declined 16.26% YoY to Rs 59.96 crore during the period under review.

The scrip fell 0.33% to currently trade at Rs 122 on the BSE.

Powered by Capital Market - Live News

Inox Green Energy Services announced today that its subsidiary I-Fox Windtechnik India (I-Fox) has won an order from NLC India (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 Rs 39.5 crore (inclusive of taxes) during the contract period.

Powered by Capital Market - Live News

Net loss of Inox Green Energy Services reported to Rs 1.50 crore in the quarter ended December 2023 as against net profit of Rs 4.70 crore during the previous quarter ended December 2022. Sales declined 16.27% to Rs 59.96 crore in the quarter ended December 2023 as against Rs 71.61 crore during the previous quarter ended December 2022.

Powered by Capital Market - Live News

Net profit of Inox Green Energy Services reported to Rs 2.92 crore in the quarter ended December 2023 as against net loss of Rs 8.32 crore during the previous quarter ended December 2022. Sales declined 23.83% to Rs 54.55 crore in the quarter ended December 2023 as against Rs 71.62 crore during the previous quarter ended December 2022.

Powered by Capital Market - Live News