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

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..