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SK Mathusudhana, CEO of IGESL, says the company had set a target to be net debt-free by the end of FY24. “…and with this transaction, we will achieve this goal. IGESL is on a massive growth journey with a focus on continuously improving its performance and profitability,” says the company.
Inox Green Energy Services Ltd claims to be one of the major wind power operations and maintenance (“O&M”) service providers in India, with a fleet size of less than 3 GW. The company is in the business of providing long-term O&M services for wind projects and is a subsidiary of Inox Wind Ltd, with whom it enjoys a synergistic relationship.
The Inox Green Energy Services stock, meanwhile, dipped 1.08% to ₹65.30 on the BSE today. The shares opened a gap up at ₹65.05 and surged to ₹66.49 during the intra-day trade. At the current share price, the m-cap of the company stands at ₹1,921.06 crore. The stock touched its 52-week high of ₹76.48 on August 10, 2023.
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