Inox Green completes Rs 550 crore payment for Wind World India's 4.5 GW wind O&M business

Inox Green Energy Solutions has completed the Rs 550 crore payment (including taxes) for the transfer of Wind World India's 4.5 GW wind operations-and-maintenance business, the company said in an exchange filing dated 7 October 2026. The payment was made on 6 October 2026 through its subsidiary Vibhav Energy Pvt Ltd (VEPL) under a business transfer agreement and the NCLT-approved resolution plan.

Inox Green will hold a 75 per cent stake in VEPL, enabling line-by-line consolidation of the acquired business. The 4.5 GW portfolio spans seven states — Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh and Andhra Pradesh — and serves marquee clients including the Tata Group, ReNew, Greenko Group, Apraava Energy and Hindustan Zinc. The acquired portfolio generated roughly Rs 580 crore in FY26 revenue with ~5 per cent annual price escalation built in.

The acquisition lifts Inox Green's managed O&M portfolio to about 13.3 GWp (as of June 2026), with a stated target of 20 GW+ — positioning it as one of India's largest wind O&M providers at a moment when the country's renewable build-out is accelerating and legacy wind assets are coming up for re-powering and servicing cycles.