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.”
Inox Green Energy Services is one of the major wind power O&M service providers within India with a fleet size of >3 GW. The company is engaged in the business of providing long-term O&M services for wind projects.
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.