Omkara ARC Acquires Rs 37.6 Billion Wind World India Debt
ECONOMY & POLICY

Omkara ARC Acquires Rs 37.6 Billion Wind World India Debt

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. 

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. 

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?