INOXGFL Group acquires Wind World India for Rs 2,800 crore, expands clean energy footprint
INOXGFL Group acquires Wind World India for Rs 2,800 crore, expands clean energy footprint
- •INOXGFL Group won the bid to acquire Wind World India's wind energy portfolio through an insolvency resolution process at NCLT.
- •The acquisition is valued at approximately Rs 2,800 crore, though INOXGFL declined to disclose the exact transaction value.
- •Inox Clean Energy will acquire Wind World India's 600 MW IPP wind portfolio, while Inox Green Energy Services will take over its 4.5 GW O&M arm.
- •This deal significantly expands INOXGFL Group's O&M portfolio and strengthens its integrated renewable energy platform.
- •The acquisition aligns with INOXGFL's vision to build a scaled, technology-driven clean energy platform for India's energy transition.
