Inox Green Energy Services, the operations and maintenance (O&M) services arm of Inox Wind, reported an 86% year-on-year surge in consolidated profit after tax (PAT) for the quarter ended June 2026, driven by growth in both revenue and operating earnings.

The company's strong quarterly performance reflects increasing demand for specialized O&M services across India's expanding wind energy sector. India has set a target of 500 GW of non-fossil fuel installed capacity by 2030, with wind expected to contribute a meaningful share alongside solar. As the country's installed wind base — currently over 40 GW — continues to grow and existing turbines age, the need for long-term maintenance, repairs, and efficiency optimization is creating a larger addressable market for independent O&M providers. Inox Green Energy Services, listed on Indian stock exchanges, provides long-term maintenance solutions for wind turbine generators and associated infrastructure.

Alongside its earnings results, the company announced that it expects to complete the acquisition of Wind World's 4.5 GW O&M portfolio during the second quarter of fiscal year 2027 (Q2FY27). This acquisition, once finalized, would significantly expand Inox Green's service portfolio and strengthen its position as one of India's largest independent O&M service providers for wind energy assets.

The transaction represents a strategic consolidation move within India's renewable energy services market, where Wind World (formerly Enercon India) has historically been one of the country's major wind power companies with a substantial installed base. The deal also comes at a time when India's wind sector is seeing renewed policy attention, with the government reintroducing competitive bidding for wind projects and emphasizing transmission connectivity for renewable energy zones.

Source: CNBC-TV18