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INOXGFL Group has emerged as the successful bidder to acquire the IPP and Operations & Maintenance (O&M) businesses of Wind World India through an NCLT-approved resolution process.
The acquisition will be carried out through Inox Clean Energy Limited, via its subsidiary Inox Neo Energies, and Inox Green Energy Services Limited.
Under the transaction, Inox Clean Energy will acquire approximately 600 MW of operational wind IPP assets, while Inox Green Energy Services will take over a 4.5 GW wind O&M portfolio, significantly expanding its asset management footprint.
The acquired wind assets are located across major wind-rich states including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh, strengthening the Group’s presence across key renewable energy corridors in India.
The O&M portfolio includes a diverse set of clients such as Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc, enhancing Inox Green’s position as a leading renewable O&M service provider.
Following the acquisition, Inox Clean Energy aims to scale its IPP capacity to 10 GW by FY2028, alongside plans to expand its integrated solar manufacturing capacity to 11 GW. Inox Green Energy Services, which currently manages around 13.3 GW of renewable assets, is expected to further strengthen its leadership in the O&M segment.
Devansh Jain said the acquisition strengthens the Group’s integrated renewable energy platform by adding high-quality operational assets and expanding its O&M capabilities.
Akhil Jindal noted that the deal enhances recurring revenue visibility through operational IPP assets while expanding annuity-based income from O&M services, supporting long-term growth.
The transaction marks a strategic expansion for INOXGFL Group, reinforcing its position across the renewable energy value chain, spanning asset ownership, manufacturing, and operations services.
