INOXGFL Group secures ₹2,800 crore NCLT deal
pre-market1 source ↓written by the desknot a recommendation
- acquisition of Wind
- ₹2,800 crore
- for Wind World
- ₹2,200 crore
INOXGFL Group has won a bid for the ₹2,800 crore acquisition of Wind World India's IPP and O&M businesses, approved by the NCLT. This acquisition, primarily through Inox Clean Energy and Inox Green Energy, aims to enhance the group's renewable energy platform and expand its annuity-based revenue streams.
The deal includes an estimated ₹2,200 crore for Wind World India's IPP portfolio, reinforcing INOXGFL's position in the renewable sector.
Not investment advice. For informational purposes only.