Inox Green Energy Services Ltd Share Price

Description

• Inox Green Energy Services Limited was originally incorporated as a Public Company Limited by Shares under the name, `Inox Wind Infrastructure Services Limited` at Vadodara, Gujarat dated May 11, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The Company commenced operations dated June 14, 2012 and name of the Company was changed to `Inox Green Energy Services Limited`, pursuant to a Special Resolution passed in Extra Ordinary General Meeting held on October 21, 2021, pursuant to which a fresh Certificate of Incorporation was issued by the RoC on October 27, 2021. The Company is one of the major wind power operation and maintenance (O&M) service providers within India which incorporated in 2012. It is engaged in providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators (WTGs) and the common infrastructure facilities such as pooling stations and transmission lines which support power evacuation from such WTGs. It has stable annual income owing to long-term O&M contracts. The Company is a subsidiary of Inox Wind Limited which is a part of the Inox GFL Group of Companies. In 2013, the Company acquired 100% shareholding of Marut-Shakti Energy India Limited (MSEIL). In 2015, it acquired 100% shareholding of Satviki Energy Private Limited (SEPL) and Sarayu Wind Power (Tallimadugula) Private Limited (SWPTPL). In 2016, it acquired 100% shareholding of Vinirrmaa Energy Generation Private Limited (VEGPL), Sarayu Wind Power (Kondapuram) Private Limited (SWPKPL) and RBRK Investments Limited (RBRK). In 2020, it divested 100% shareholding in Sri Pavan Energy Private Limited, pursuant to a Shareholders` Agreement signed with KPR Infra & Projects Limited. In 2021, it divested 100% shareholding in Resco Global Wind Services Private Limited, pursuant to a share purchase agreement with Inox Wind Limited. It divested 100% shareholding in Marut-Shakti Energy India Limited, Satviki Energy Private Limited, Sarayu Wind Power (Tallimadugula) Private Limited, Vinirrmaa Energy Generation Private Limited, Sarayu Wind Power (Kondapuram) Private Limited and RBRK Investments Limited, pursuant to respective share purchase agreements with Resco Global Wind Services Private Limited. It divested the business undertaking, erection and commissioning services of wind turbine generators (EPC) business of the Company on slump sale basis, pursuant to a Business Transfer Agreement with Resco Global Wind Services Private Limited. In 2022, the Company divested 100% shareholding in Wind Two Renergy Private Limited to Torrent Power Limited. It divested 100% shareholding each in Wind One Renergy Limited, Wind Three Renergy Limited and Wind Five Renergy Limited to Adani Green Energy Limited. The Company came out with a Public Issue during November, 2022 by raising Rs. 740 crores through Fresh Issue amounting to Rs. 370 crores and Offer for Sale amounting to Rs. 370 crores.

• Inox Green Energy Services Limited was originally incorporated as a Public Company Limited by Shares under the name, `Inox Wind Infrastructure Services Limited` at Vadodara, Gujarat dated May 11, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The Company commenced operations dated June 14, 2012 and name of the Company was changed to `Inox Green Energy Services Limited`, pursuant to a Special Resolution passed in Extra Ordinary General Meeting held on October 21, 2021, pursuant to which a fresh Certificate of Incorporation was issued by the RoC on October 27, 2021. The Company is one of the major wind power operation and maintenance (O&M) service providers within India which incorporated in 2012. It is engaged in providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators (WTGs) and the common infrastructure facilities such as pooling stations and transmission lines which support power evacuation from such WTGs. It has stable annual income owing to long-term O&M contracts. The Company is a subsidiary of Inox Wind Limited which is a part of the Inox GFL Group of Companies. In 2013, the Company acquired 100% shareholding of Marut-Shakti Energy India Limited (MSEIL). In 2015, it acquired 100% shareholding of Satviki Energy Private Limited (SEPL) and Sarayu Wind Power (Tallimadugula) Private Limited (SWPTPL). In 2016, it acquired 100% shareholding of Vinirrmaa Energy Generation Private Limited (VEGPL), Sarayu Wind Power (Kondapuram) Private Limited (SWPKPL) and RBRK Investments Limited (RBRK). In 2020, it divested 100% shareholding in Sri Pavan Energy Private Limited, pursuant to a Shareholders` Agreement signed with KPR Infra & Projects Limited. In 2021, it divested 100% shareholding in Resco Global Wind Services Private Limited, pursuant to a share purchase agreement with Inox Wind Limited. It divested 100% shareholding in Marut-Shakti Energy India Limited, Satviki Energy Private Limited, Sarayu Wind Power (Tallimadugula) Private Limited, Vinirrmaa Energy Generation Private Limited, Sarayu Wind Power (Kondapuram) Private Limited and RBRK Investments Limited, pursuant to respective share purchase agreements with Resco Global Wind Services Private Limited. It divested the business undertaking, erection and commissioning services of wind turbine generators (EPC) business of the Company on slump sale basis, pursuant to a Business Transfer Agreement with Resco Global Wind Services Private Limited. In 2022, the Company divested 100% shareholding in Wind Two Renergy Private Limited to Torrent Power Limited. It divested 100% shareholding each in Wind One Renergy Limited, Wind Three Renergy Limited and Wind Five Renergy Limited to Adani Green Energy Limited. The Company came out with a Public Issue during November, 2022 by raising Rs. 740 crores through Fresh Issue amounting to Rs. 370 crores and Offer for Sale amounting to Rs. 370 crores.