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INOXGREEN
has issued a clarification regarding the revocation of grid access for its 300MW wind project in Gujarat. The company emphasizes that this development does not materially impact its operations or financial outlook. INOXGREEN's core business is operation and maintenance (O&M) of renewable power assets, managing about 12.5 GW of renewable assets.
The company states that the event will not affect its revenues or future guidance. INOXGREEN is exploring options, including approaching the Appellate Tribunal for Electricity. Despite this setback, the company remains confident in its position in the renewable energy sector and its progress towards becoming India's largest renewables O&M company.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.#StockInNews
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