Inox Green Completes ₹550 Crore Payment for Wind World India's 4.5 GW O&M Business
Inox Green has completed the ₹550 crore payment for Wind World India's 4.5 GW wind O&M business through its subsidiary VEPL. The acquired business generated ₹580 crore in FY26 revenue. This acquisition boosts Inox Green's O&M portfolio to approximately 13.3 GWp.
The acquisition of a 4.5 GW wind O&M business for ₹550 crore is a substantial transaction that will significantly increase the company's operational scale and market presence in the renewable energy sector.
The acquisition of a significant O&M business and the associated payment completion are positive developments for the company, expected to boost revenue and expand its portfolio.
Inox Green Energy Solutions Limited (Inox Green), part of the INOXGFL Group, has completed the payment of ₹550 crore for the transfer of Wind World India Limited’s (WWIL) wind O&M business. The payment was made by Inox Green’s subsidiary, Vibhav Energy Private Limited (VEPL), on October 6, 2026, as per the Business Transfer Agreement (BTA) and the Resolution Plan approved by the NCLT.
Following the transfer and implementation of the Resolution Plan, Inox Green will hold a 75% stake in VEPL, allowing for the line-by-line consolidation of the acquired business's financials. WWIL’s 4.5 GW O&M portfolio serves a client base including Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc, spread across key wind-rich states. This portfolio generated approximately ₹580 crore in revenue in FY26 and includes contracted annual price escalation of approximately 5%.
With this acquisition, Inox Green’s O&M portfolio increases to approximately 13.3 GWp as of June 2026. The company aims to leverage operational efficiencies and group synergies to boost the acquired portfolio's revenues and margins. Supported by the INOXGFL Group ecosystem, Inox Green is targeting over 20 GW+ capacity in the near future.
Mr. Devansh Jain, Executive Director, INOXGFL Group, stated that this transaction is a significant step in building India’s largest renewable energy services platform, enhancing multi-brand OEM O&M capabilities. Mr. Akhil Jindal, Group CFO, INOXGFL Group, highlighted that the transaction was executed within a disciplined valuation framework, with a multiple of approximately 2x EBITDA based on expected earnings after synergy realization.
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Inox Green Energy Services Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Inox Green Energy Services Limited. Read the original for the full detail.