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.

Infrastructure Urban

14 Nov 2025

13 Firms Apply Under PLI Scheme with Rs 19.14 bn Investment

The fourth round of the Production Linked Incentive (PLI) Scheme for White Goods, covering air conditioners and LED lights, has attracted 13 applications with a committed investment of Rs 19.14 billion. The Department for Promotion of Industry and Internal Trade (DPIIT) had kept the window open from 15 September to 10 November 2025. Over half of the new applicants are Micro, Small and Medium Enterprises (MSMEs), signalling rising confidence among smaller manufacturers in joining the domestic AC and LED components value chain. Of the 13 applicants, one is an existing beneficiary that has pledg..

TEC, SRMIST Partner to Boost Indigenous Telecom R&D and Standards

The Telecommunication Engineering Centre (TEC), the technical arm of the Department of Telecommunications (DoT), has signed an MoU with the SRM Institute of Science and Technology (SRMIST) to collaborate on research, joint studies, and technical contributions in advanced telecom technologies and global standardisation. The partnership focuses on creating India-specific standards, test frameworks, and contributions to future network technologies including 6G, Artificial Intelligence (AI), Non-Terrestrial Networks (NTN), and Quantum Communication. It also seeks to strengthen India’s role in I..

C-DOT, NAM InfoCom Partner to Develop Mission-Critical MCX System

The Centre for Development of Telematics (C-DOT) has signed an agreement with NAM InfoCom Private to jointly develop an indigenous Mission Critical Communication System (MCX) solution. The collaboration is a major step towards strengthening India’s public safety and emergency communication infrastructure. Under the C-DOT MCX Alliance, the organisation has partnered with 10 entities—primarily startups—to build a comprehensive MCX ecosystem. The new MCX platform is aligned with 3GPP standards and supports Mission Critical Push-to-Talk, Mission Critical Data, and Mission Critical Video ser..