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.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..