+
Inox Wind Energy To Merge With Inox Wind
POWER & RENEWABLE ENERGY

Inox Wind Energy To Merge With Inox Wind

The INOXGFL Group, a key player in India’s energy transition sector, announced that the National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Ltd (IWEL) into Inox Wind Ltd (IWL). The order, dated 10 June 2025, paves the way for streamlining the group’s wind energy vertical and strengthening the financial and operational base of the consolidated entity.

Following the merger, IWL will see a significant improvement in its balance sheet with a reduction in liabilities of approximately Rs 20.5 billion. The amalgamation is also expected to deliver enhanced efficiencies through economies of scale, better utilisation of resources, elimination of redundancies, and simplified regulatory compliance.

The merger will dismantle the existing holding company structure, providing a more transparent business and shareholding setup. Promoters of INOXGFL will now hold direct stakes in Inox Wind, which is expected to boost investor confidence and unlock stakeholder value.

As part of the merger terms, shareholders of IWEL will receive 632 equity shares of face value Rs 10 each in IWL for every 10 equity shares held in IWEL, on a record date to be announced. The new shares are expected to be credited within 1 to 1.5 months, subject to regulatory approvals.

Devansh Jain, Executive Director of INOXGFL Group, called the merger a “significant achievement” in the group’s journey, marking the culmination of two years of effort. He highlighted the transformation achieved in the wind energy business during this period and reiterated the group’s commitment to India’s green energy goals.

With this structural consolidation, the INOXGFL Group is positioned to capitalise on emerging opportunities in the clean energy sector, aligned with the Indian government’s long-term sustainability targets.

The INOXGFL Group, a key player in India’s energy transition sector, announced that the National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Ltd (IWEL) into Inox Wind Ltd (IWL). The order, dated 10 June 2025, paves the way for streamlining the group’s wind energy vertical and strengthening the financial and operational base of the consolidated entity.Following the merger, IWL will see a significant improvement in its balance sheet with a reduction in liabilities of approximately Rs 20.5 billion. The amalgamation is also expected to deliver enhanced efficiencies through economies of scale, better utilisation of resources, elimination of redundancies, and simplified regulatory compliance.The merger will dismantle the existing holding company structure, providing a more transparent business and shareholding setup. Promoters of INOXGFL will now hold direct stakes in Inox Wind, which is expected to boost investor confidence and unlock stakeholder value.As part of the merger terms, shareholders of IWEL will receive 632 equity shares of face value Rs 10 each in IWL for every 10 equity shares held in IWEL, on a record date to be announced. The new shares are expected to be credited within 1 to 1.5 months, subject to regulatory approvals.Devansh Jain, Executive Director of INOXGFL Group, called the merger a “significant achievement” in the group’s journey, marking the culmination of two years of effort. He highlighted the transformation achieved in the wind energy business during this period and reiterated the group’s commitment to India’s green energy goals.With this structural consolidation, the INOXGFL Group is positioned to capitalise on emerging opportunities in the clean energy sector, aligned with the Indian government’s long-term sustainability targets.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code