Shares of Inox Green Energy Services Ltd. are witnessing choppy moves on Wednesday, November 19, after the company said it will provide its operation and maintenance (O&M) services for 5 gigawatt (GW) of renewable projects that will be developed by its parent firm and the KP Group.

Inox Green said its parent firm Inox Wind Ltd. and group company Inox Solar Ltd. have inked a Memorandum of Understanding (MoU) with KP Group companies, KP Energy Ltd. and KPI Green Ltd., respectively.

As per the MoU, the companies will partner to jointly develop 2.5 GW of wind and 2.5 GW of solar power projects across multiple states in India. Inox Green said it would provide its O&M services for the wind turbine generators and solar modules set up across all projects under the partnership.

Inox Wind, in a

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