Inox Green buys Wind World O&M for ₹550 cr

Inox Green Energy Services has completed a ₹550‑crore acquisition of Wind World India’s 4.5 GW wind operations and maintenance (O&M) business through its subsidiary Vibhav Energy Private Limited, expanding its total managed portfolio to ~13.3 GWp and strengthening its position as one of India’s largest renewable O&M players. ⚡ Transaction Highlights Deal value: ₹550 crore Structure: Business Transfer Agreement (BTA) approved by NCLT Ahmedabad Bench Subsidiary: Vibhav Energy Private Limited (VEPL) Stake: Inox Green will hold 75 % in VEPL post‑transfer Funding mix: ₹250 crore equity + ₹200 crore inter‑corporate deposit from Inox Green + ₹100 crore from Authum Investment & Infrastructure Ltd. 🌬️ Portfolio Details Metric Details Capacity acquired 4.5 GW wind O&M assets Revenue (FY 26) ~₹580 crore Annual escalation ~5 % contracted Client base Tata Group, ReNew, Greenko Group, Apraava Energy, Hindustan Zinc Geographic spread Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, Andhra Pradesh Total O&M portfolio (post‑deal) ~13.3 GWp Target capacity (near term) > 20 GW managed assets 🧩 Strategic Significance Scale & Synergy: Integrates Wind World’s high‑quality assets with Inox Green’s technology platforms, improving operational efficiency and margins. Multi‑brand OEM Capability: Enhances ability to service turbines from multiple manufacturers, widening customer reach. Industry Consolidation: Reflects accelerating mergers in India’s renewable O&M sector as firms seek scale and nationwide coverage. Group Support: Backed by INOXGFL Group, leveraging synergies with Inox Wind and Inox Clean Energy for future expansion. 💬 Management Commentary “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable‑energy services platform,” said Devansh Jain, Executive Director, INOXGFL Group.