Winds of Change: INOXGFL’s ₹2,800 Crore Move

INOXGFL Group has emerged as the successful resolution applicant for the Independent Power Producer (IPP) and Operations & Maintenance (O&M) businesses of Wind World India, under a process approved by the National Company Law Tribunal (NCLT). While the group has not officially disclosed the deal size, the transaction is estimated at around ₹2,800 crore.

The acquisition will be carried out through group companies Inox Clean Energy Limited (Inox Clean) and Inox Green Energy Services Limited (Inox Green), further reinforcing the group’s integrated renewable energy platform and expanding its annuity-based revenue base.

Under the arrangement, Inox Clean will acquire Wind World India’s IPP portfolio in a deal estimated at approximately ₹2,200 crore. In parallel, Inox Green will take over the O&M business in a transaction valued at about ₹550 crore.

The acquisition is expected to significantly enhance the group’s operational scale and deepen its presence across the renewable energy value chain, strengthening its position in India’s clean energy sector.

News by Rahul Yelligetti.