New Delhi: Inox Green Energy Services LTD, a subsidiary of renewable energy and maintenance in the Inoxgfl group, aims to expand its portfolio to 17 GW to the next financial year, from 5 GW currently, said the best executive executive.
The company examines organic and inorganic expansion routes, said the Executive Director of the Inoxgfl Devansh Jain group without publishing details of the estimated investment.
“Vertical O&M (Operations and Maintenance) is a key strategic focus for the Inoxgfl group and in the following years we see it as a critical growth engine. We are currently managing the portfolio of more than 5.1 GW renewable assets under O&M, and our vision is expand 2027.
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Jain said that in the next two to three years the group plans to make “substantial investments in capital and technology” to the extension of its o & m traces, workforce and digital infrastructure.
“We are constantly working on any occasions to grow in, if it is inoxing the Inox Green valuation and brings long -term value,” he said.
He also said that Inox Green, part of the Inoxgfl Group and the subsidiary of Inox Wind, examines partnership with global companies across the value chain of renewable energy, especially in the areas of its main focus, including asset management, operation and maintenance. Jain was of the opinion that when India consolidates its position as a global pure energy center, cooperation with international manufacturers of original equipment (OEM), investors and services services offer a strong opportunity to expand and modernize the company’s offer.
Jain also said that global cooperation is opening access to advanced technologies, strategies of supplier chain resistance and new geographical markets.
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“We see a strong potential for synergies that are in line with our vision how to become at least 17 GW O&M platform by 2027.”
As regards potential acquisitions, he said that when the Indian renewable sector enters the consolidation phase, the company sees growing opportunities to obtain smaller players and portfolies that complement its operations.
“As part of our Inox Green platform, we have committed ourselves to strategic investments in O&M services, advanced technologies, including AI diagnostics, predictive maintenance and digital double systems to increase operating efficiency and maximize assets,” he said.
In OOX Green’s readiness for navigation in the uncertainty of critical mineral supplies and other components, about 75% of materials and components used in its wind turbines are produced in India, including key components such as towers, blades, all -structural elements.
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“To handle the remaining 25% of materials, such as rare soil magnets and some electronics, we maintain a diversified global source strategy. This ensures any excessive dependence on one country or supplier, which protects us from potential narrow spines,” he said.
(Tagstotranslate) Inox Green Energy Services Ltd (T) Inoxgfl Group (T) Renewable energy
