Inox Wind Energy To Merge With Inox Wind

11 Jun 2025 CW Team

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.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..