Authum Investment & Infrastructure Limited announced that a consortium, including its affiliate, has been declared the Successful Resolution Applicant for Wind World (India) Limited (WWIL) under the Insolvency and Bankruptcy Code. The consortium’s resolution plan includes a financial commitment of INR 350 Crore from the Company, primarily for the acquisition of identified real estate assets. The overall transaction structure involves INEL acquiring the core IPP and O&M business, pending final approvals.
Acquisition of Wind World (India) Assets Approved
Authum Investment & Infrastructure Limited has formally disclosed the approval of a resolution plan for Wind World (India) Limited (“WWIL”), which is undergoing the Corporate Insolvency Resolution Process (CIRP) that commenced in February 2018. A consortium comprising Inox Neo Energies Limited (the “Lead Member”) and Authum has been declared the Successful Resolution Applicant.
Deal Structure and Financial Commitment
The financial commitment made by Authum under the approved Resolution Plan is approximately INR 350,00,00,000 (Three Hundred and Fifty Crore). This commitment is specifically towards the acquisition of certain identified real estate and other assets from WWIL.
Under the plan:
- The Lead Member (INEL) and/or its affiliates will acquire WWIL’s Intellectual Property (IPP) operations, power sale undertakings, and Operations & Maintenance (O&M) business.
- Authum and/or its affiliates will acquire the specified real estate assets.
The plan also provides an option for the Company to agree on terms for the infusion of debt or equity into WWIL upon implementation.
Target Entity Background
WWIL, incorporated in 2003, operates in the manufacturing, Independent Power Producer (IPP) operations, and O&M services sectors, possessing approximately ~550 MW of installed IPP capacity and an O&M portfolio of ~4.5 GW.
Historical turnover figures for WWIL for recent financial years are noted as:
- Financial Year Ended March 31, 2025: Rs. 665.95 crore
- Financial Year Ended March 31, 2024: Rs. 583.20 crore
- Financial Year Ended March 31, 2023: Rs. 529.28 crore
Next Steps and Timeline
The issuance of the Letter of Intent (LOI) occurred on February 19, 2026, and has been accepted by the Consortium. The acquisition remains subject to the final approval of the Resolution Plan by the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench, or any other relevant court. The indicative time period for the completion of the acquisition is set at within 60 days from the date of approval by the Adjudicating Authority.
Source: BSE
