Inox Green Energy Services announced on Tuesday that its subsidiary, I-Fox Windtechnik India Pvt Ltd, has secured a contract valued at Rs 39.5 crore for the refurbishment of 33 wind turbine generators (WTGs) of 1.5MW each from NLC India.
The contract encompasses the supply of materials/spares and other associated activities for the refurbishment of 33 WTGs over a span of eight months. The company statement mentioned a revenue realization of Rs 39.5 crore (inclusive of taxes) during the contract duration.
This order pertains to the restoration of 33 wind turbine generators, each with a capacity of 1.5 MW, situated at NLC India’s wind power plant in the Tenkasi district of Tamil Nadu.
“We are pleased to secure another contract from NLC India, following the comprehensive O&M contract for 51MW WTGs for five years secured last year,” stated SK Mathu Sudhana, CEO of IGESL, in the release.
Sudhana added that this achievement marks another significant milestone in the growth trajectory of IGESL and its subsidiary I-Fox Wind, demonstrating progress towards their targets on all fronts.
IGESL stands as a prominent wind power operations and maintenance (O&M) service provider in India, boasting a fleet size of 3.2 GW.
The company specializes in offering long-term O&M services for wind projects and operates as a subsidiary of Inox Wind Ltd, benefiting from a synergistic relationship within the INOXGFL Group. With a robust and diversified portfolio base, IGESL has a proven track record and enjoys reliable cash flows supported by long-term O&M contracts. Its clientele includes major independent power producers (IPPs), Public Sector Undertakings (PSUs), and various retail customers.
