NCLT Clears Inox Wind Merger With Inox Wind Energy

16 Jun 2025 CW Team

The National Company Law Tribunal (NCLT) Chandigarh bench has approved the merger of Inox Wind Energy Ltd (IWEL), a wholly owned subsidiary, into its parent firm Inox Wind Ltd (IWL), as per its order dated 10 June 2025. The move marks a significant structural overhaul for the INOXGFL Group, aimed at streamlining operations and improving financial resilience.

Under the approved scheme, IWEL shareholders will receive 632 equity shares of IWL, each with a face value of Rs 10, for every 10 shares held in IWEL. The record date for this share swap will be announced at a later stage, and allotment is expected within 1 to 1.5 months.

The consolidation simplifies the group’s corporate framework, eliminating a redundant holding structure and resulting in a debt reduction of approximately Rs 20.5 billion. The merged entity is expected to benefit from operational synergies, improved regulatory compliance, and cost optimisation.

This strategic restructuring coincides with IWL’s strong operational recovery. For FY25, the company reported revenue of Rs 37.02 billion, marking a twofold increase, while EBITDA rose 167 per cent to Rs 9.18 billion. Cash profit after tax surged nearly 800 per cent to Rs 7.34 billion. IWL also ended the fiscal year with a robust order book of around 3.2 GW, including 705 MW delivered in Q4.

The merger is positioned as a value-accretive initiative for shareholders and institutional investors, bolstering IWL’s capacity to capitalise on India’s expanding renewable energy market. The streamlined balance sheet enhances financial flexibility and supports future growth ambitions.

As the company enters FY26, it does so with strengthened fundamentals, a simplified capital structure, and momentum in execution. Investors can now look forward to updates on the record date, share allotment process, and performance trajectory, with the unified entity poised to play a leading role in India’s clean energy transition.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..