Omkara ARC Acquires Rs 37.6 Billion Wind World India Debt

08 Oct 2025 CW Team

Omkara Asset Reconstruction Company (ARC) announced on Friday that it has acquired Rs 37.63 billion of debt belonging to bankrupt Wind World India Ltd (WWIL) with a Rs 12.25 billion bid.

The Areion Group-owned ARC secured the acquisition from the National Asset Reconstruction Company Ltd (NARCL) — the state-run ‘bad bank’ — through the Swiss challenge method, according to an official statement.

With this acquisition, Omkara ARC becomes the lead decision-maker in Wind World India’s ongoing Corporate Insolvency Resolution Process (CIRP), having gained an 80 per cent voting share in the Committee of Creditors (CoC) through its investment.

Formerly known as Enercon India, Wind World India operates 650 MW of renewable energy projects and manages operations and maintenance (O&M) for 4,500 MW of installed capacity across Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, and Madhya Pradesh, the statement said.

The Rs 37.63 billion debt was originally transferred to NARCL by a consortium of lenders around 18 months ago. Following approval from the National Company Law Tribunal (NCLT) to withdraw the earlier resolution plan, the process is now open for fresh expressions of interest from new resolution applicants.

Commenting on the acquisition, Manish Lalwani, Co-founder and Managing Director of the Areion Group, said,

“Wind World India represents a vital part of the country’s renewable energy infrastructure, and we are proud to lead efforts to unlock its full potential.”

This acquisition strengthens Omkara ARC’s position in India’s fast-evolving renewable energy debt recovery market and marks a major step in the revival of one of India’s key wind energy firms.

Equipment

29 Nov 2025

Powering India’s Infra Future

Excon 2025, South Asia’s largest construction equipment exhibition, is set to return in a grand 13th edition from 9-13 December 2025 at the Bangalore International Exhibition Centre (BIEC), Bengaluru. Organised by the Confederation of Indian Industry (CII) and supported by the Indian Construction Equipment Manufacturers’ Association (ICEMA), the mega event is expected to reinforce its position as the premier marketplace for construction technologies, equipment and infrastructure solutions. The event will host over 1,250 exhibitors, including 160+ international participants, and attract mor..

India will be a strategic part of our growth to 2028

Smiley Monroe is strengthening its footprint in India as a key growth market for its conveyor belts and engineered components business. In this interaction, Prabhu Gopinath, Operations Director, outlines the company’s expansion roadmap, quality focus, and sustainability commitments driving future scale.Can you share Smiley Monroe's journey and its core mission?Smiley Monroe was started in Northern Ireland in 1979, supplying conveyor belts to local quarries. Since then, the company has grown to become a global leader in the supply of endless belts and CNC-cut rubber and plastic part..

Infra Engineers India Pvt Ltd Accelerates Hybrid Excavation

Infra Engineers India Pvt Ltd (IEPL), headquartered in Chennai, has emerged as a trusted name in the used construction equipment business for nearly a decade. What sets IEPL apart is its commitment to research and development, consistently pushing the boundaries of innovation to deliver cutting-edge solutions to the industry.A first-of-its-kind hybrid excavatorAmong IEPL’s most significant achievements is the development of the pioneering Dual Electric & Diesel Hybrid Excavator—the first of its kind in the construction equipment industry, a breakthrough that even major OEMs have yet to..