Inox Group to acquire Wind World assets via NCLT approval
INOXGFL Group is set to acquire Wind World India Ltd's assets for ₹1,800-1,900 cr following NCLT approval. The deal includes a 600 MW IPP portfolio and 4.5 GW O&M business, boosting Inox's green energy footprint.
after close1 source ↓written by the desknot a recommendation
- estimated
- ₹1,800-1,900 cr
- operational IPP portfolio
- 600 MW
- O&M business
- 4.5 GW
The INOXGFL Group is acquiring assets of Wind World India Ltd after the committee of creditors approved its resolution plan. The bid, estimated at ₹1,800-1,900 cr, includes Wind World's 600 MW operational IPP portfolio and 4.5 GW O&M business through its subsidiaries.
This acquisition strengthens Inox's position in the green energy sector, potentially enhancing investor sentiment and operational capacity.
Not investment advice. For informational purposes only.