Key Takeaways
- Inox Wind has sold a stake in its subsidiary, Inox Renewable Solutions, for ₹175 crore, valuing the subsidiary at ₹7,400 crore.
- The sale follows the merger of Inox Wind Energy into Inox Wind, approved by the National Company Law Tribunal, which will reduce liabilities by approximately ₹2,050 crore.
- Inox Renewable Solutions offers comprehensive services for wind projects across India, focusing on end-to-end solutions and infrastructure development.
Inox Wind Stake Sale and Merger Approval
Inox Wind (IWL) has announced the sale of a stake valued at ₹175 crore in its EPC subsidiary, Inox Renewable Solutions, previously known as Resco Global Wind Services. This transaction, which is part of a broader strategy, values Inox Renewable Solutions at ₹7,400 crore. The specific investors involved in this stake sale have not been disclosed.
This recent development follows a significant milestone on June 10, 2025, when the National Company Law Tribunal approved the merger of Inox Wind Energy (IWEL) into IWL. The merger is expected to enhance the financial standing of Inox Wind by alleviating liabilities by around ₹2,050 crore.
Inox Renewable Solutions plays a crucial role in the renewable energy landscape, offering comprehensive services for wind energy projects. Their offerings include everything from initial project conceptualization to commissioning, alongside constructing transmission infrastructure for energy evacuation. They provide turnkey solutions designed to streamline operations for developers, simplifying the process through a plug-and-play model.
With a strong operational presence in Western India, the company is also focused on building common infrastructure on a multi-gigawatt scale across various sites throughout the country. This strategy aims to bolster future renewable energy initiatives and expand their footprint in the sector.
On the stock market, Inox Wind’s shares closed at ₹144.40, reflecting a gain of 3.18% on the Bombay Stock Exchange (BSE) on Tuesday.
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