INOXGFL Group companies emerged as successful bidders in an NCLT-approved resolution process to acquire the IPP and O&M businesses of Wind World India. Inox Clean Energy Limited, via its subsidiary Inox Neo Energies, will acquire Wind World India’s operational 600 megawatt (MW) IPP portfolio. Inox Green Energy Services Limited will acquire Wind World India’s operations and maintenance arm comprising nearly four point five gigawatt (GW) of O&M capacity. The transactions will be implemented through the respective group companies.

Wind World India, directly and through its subsidiaries, has a combined installed IPP capacity of approximately 600 MW with wind farms across seven key wind-rich states including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh and Andhra Pradesh. Its O&M portfolio services a marquee client base that includes large corporates such as the Tata Group, ReNew, Greenko Group, Apraava Energy and Hindustan Zinc. The acquisitions therefore add operational scale across critical wind corridors and a diverse customer mix. The portfolio is expected to augment recurring and annuity-like revenues for the acquiring companies.

The deal expands Inox Clean’s operational IPP base and supports its medium-term target of 10 GW of installed IPP capacity and 11 GW of integrated solar manufacturing capacity by FY28. Inox Green, which manages about 13.3 gigawatt peak (GWp) of renewable assets, will substantially strengthen its position as a leading O&M provider in India. The combined scale is intended to create synergies across asset management, operations and customer relationships while improving cash flow visibility. The companies indicated that prudent capital allocation and operational efficiency will guide integration.

Group executives explained that adding Wind World’s assets deepens the group’s presence across the wind value chain and aligns with a strategy to build a technology-driven and performance-focused clean energy platform that supports India’s energy transition. The transaction was described as strategically timed and consistent with the group’s valuation framework, enhancing recurring revenues and long-term profitability. The companies said they will now focus on integration and delivering operational improvements across the acquired portfolio.