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.

Next Story
Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Next Story
Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..

Next Story
Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?